Weekly Report - 04 October 2018 (WR-18-39)
TRACKING TRENDS
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.
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