Brazil Targets Minimum 1 bln Reais for October Oil Blocks Auction

Source: Reuters 6/12/2015, Location: South America

Brazil's oil and gas auction in October will look to sell 266 exploration blocks with a combined minimum value of 978.77 million reais ($313.7 million).

The 13th-round auction will only include blocks outside the so-called sub-salt area where giant oil discoveries were made last decade.

The government is hoping demand will allow it to surpass the minimum values it has set for blocks and raise as much as 1.5 to 2 billion reais in total, Minister for Energy and Mines Eduardo Braga said earlier this week.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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