Brazil Seeks to Auction 2 Santos Blocks

Posted by Joseph Keefe
Thursday, March 29, 2018
Brazilian oil Secretary Marcio Felix said on Thursday the ministry will seek to auction two choice oil blocks located in the offshore Santos basin in a June pre-salt auction.

The two blocks were eliminated from Thursday's auction by a surprise court decision on Wednesday. He also said the ministry expects to rake in 6.9 billion reais through Thursday and the June auctions, including those blocks.

Reporting by Alexandra Alper  

Categories: Contracts Legal Offshore Finance Energy Government Update Offshore Energy

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