Offshore Activity

Factbox: Winners of Brazil’s pre-salt oil round

The Brazilian government awarded on Friday rights for companies to explore high-potential oil blocks in Brazil’s pre-salt offshore region. Six out of eight blocks offered received bids.

The pre-salt blocks offered to investors will be governed by production-sharing contracts. Companies had to agree to pay a fixed signing bonus and offer the government a share of the oil to be produced in the block. The largest shares offered decided the winning bidders.

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Categories: Offshore Activity

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