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Montevideo, December 6th 2022 - 18:43 UTC

Tag: oilfields auction

  • Wednesday, October 23rd 2019 - 08:58 UTC

    Major pre-salt oilfields auction could raise some US$ 50 billion for Brazil

    Winners at the Nov. 6 auction are expected to pay US$ 25 billion in licensing fees, plus share a portion of their production with the government

    An auction next month of oilfields in Brazil may be the priciest ever held, raising at least US$ 50 billion in licensing fees and compensation. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway’s reserves.