Government to raise R$ 7 billion with new round of oil and gas auctions

Government to raise R$ 7 billion with new round of oil and gas auctions

Chamber Articles Category: Energy Post Date: 05/17/18 Source: BrazilGovNews By: BrazilGovNews
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The federal government expects to obtain R$ 7 billion in revenue with the 5th Round of Oil and Gas Auctions under the production sharing system, scheduled to take place on 28 September. The bill was announced by the Ministry of Mines and Energy on Friday (11 May).

This round, which will be held by the National Petroleum, Natural Gas and Biofuels Agency (ANP), will offer concession in Saturno, Titã, Pau-Brasil and Southwest Tartaruga Verde blocks, all located within the Campos and Santos basins of the Pre-Salt Polygon. Read Full Article