Offshore Activity

Brazil regulator discloses details for pre-salt oil auctions

Brazil’s oil regulator ANP on Wednesday released details about the upcoming auctions of oil exploration rights in the promising pre-salt offshore area that are scheduled for Oct. 27.

Through production sharing contracts, firms will be able to bid on eight blocks in the Santos and Campos basins, including three prospects for which state-controlled oil giant Petroleo Brasileiro exercised its preferential rights.

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