Government marks pre-salt auctions for October 27

5/2/17 5:06 PM Folhapress

The government decided to hold the two pre-salt auctions scheduled for 2017, which will offer eight areas for oil exploration. Pre-salt auctions will be held on October 27 , shortly after the Brazilian edition of the Offshore Technology Conference (OTC), with the objective of concentrating the largest number of executives from abroad to the country.

With one of the auctions, the government expects to raise R $ 4.35 billion. The other has not yet had the values ​​set, but the expectation is that the supply of oil areas will yield to the Treasury between R $ 7.5 billion and R $ 8 billion in 2017.

The only pre-salt auction so far in 2013 offered the Libra area, the country’s largest oil discovery. The dispute was won by the only consortium led by Petrobras – Shell, Total and China’s CNPC and CNOOC . The consortium paid R $ 15 billion for the area

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