Tag: oil pre-salt bidding

• Thursday, December 26th 2013 - 08:17 UTC

  Brazil conditions any future oil pre-salt bidding to local industry capacity to supply equipment and services

  

  Brazilian Government has decided that any future bidding rounds involving pre-salt blocks will only be launched according to the local industry capability to supply the demand in equipment and services needed by the sector. Local industry has been struggling to keep up with the demand placed by O&G players already involved in pre-salt E&P in Brazil, which are all Petrobras partners, such as BG and others.