Weekly Report - 04 October 2018 (WR-18-39)

BRAZIL | Successful pre-salt sale. On 28 September Brazil successfully completed its fifth production sharing bidding round for the concession of four pre-salt oil blocks (Saturno, Titã, Pau-Brasil, and Sudoeste de Tartaruga Verde). Under the established production sharing agreements (PSA), the winning bidder is the company that offers the Brazilian state the highest portion of ‘profit oil’, from a set minimum percentage of production.

End of preview - This article contains approximately 360 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial