New Wave Media

July 6, 2016

Brazil Plans Sub-salt Energy Auction in 2017

The government plans to hold its second auction of sub-salt exploration and production areas by the end of June of next year, incoming secretary of oil and gas at the energy ministry, Marcio Felix, said on Tuesday
The areas on sale will include four blocks adjacent to large existing oil discoveries near Rio de Janeiro, said Felix during an industry event in Rio de Janeiro.
The areas, which will be sold under production-sharing agreements, will be adjacent Cacara, Sapinhoa, Gato do Mato and Tartaruga Mestica areas and will require unitization with their existing owners.

(Reporting by Jeb Blount; Writing by Alonso Soto; Editing by David Gregorio)
Brazilenergy ministryoil and gas
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