Brazil to Offer Areas with 'Significant' Oil Volumes

(Image: Petrobras)
(Image: Petrobras)

The Brazilian government will offer in an auction in October production sharing contracts for companies to explore areas that it says hold "significant volumes of oil and gas", the country's energy council CNPE said on Thursday.

After a meeting in Brasilia, CNPE decided on some rules for the auction that will offer extra oil from the so-called Transfer of Rights area, a high-yield, pre-salt region currently being explored by state-controlled oil company Petróleo Brasileiro SA.


(Reporting by Luciano Costa and Marcelo Teixeira; Editing by Chizu Nomiyama)

Current News

Did You Know? AI-Enhanced Botnets Become Ever Evasive

Did You Know? AI-Enhanced Botn

Enersol to Acquire Deep Well Services in $223M Deal

Enersol to Acquire Deep Well S

New Industry Alliance Targets Tech Supply for Multi-MW Tidal Energy Projects

New Industry Alliance Targets

Sweden Greenlights One, Rejects 13 Offshore Wind Farms

Sweden Greenlights One, Reject

Subscribe for OE Digital E‑News

Offshore Engineer Magazine