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MercoPress, en Español

Montevideo, April 25th 2024 - 00:54 UTC

Tag: pre-salt oil blocks

  • 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.

  • Friday, April 19th 2019 - 09:29 UTC

    Brazil to put up new pre-salt oil blocks for auction in October

    The blocks, in the pre-salt zone off the Brazilian coast, are part of an area the government awarded for exploration and development to Petrobras a decade ago

    Brazil will hold an offshore oil deposit auction in October featuring blocks that were the object of a long-running dispute with state energy giant Petrobras. Reuters reports, citing Economy Minister Paulo Guedes, that participants in the auction will need to cough up a signing bonus of a total US$26.9 billion for the four blocks.