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Brazil Seeks to Auction 2 Santos Blocks

March 29, 2018

File Image (CREDIT: AdobeStock / (c) Donvictorio)
File Image (CREDIT: AdobeStock / (c) Donvictorio)
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  



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