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MercoPress, en Español

Montevideo, November 25th 2024 - 07:08 UTC

Tag: oil and gas block licensing

  • Wednesday, October 16th 2019 - 07:27 UTC

    Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

    The auction will offer an area in the pre-salt zone that contains an estimated 15 billion barrels of crude

    Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.