Bloomberg News

Brazil Plans Oil Auctions for Mature Blocks Within a Year

February 22, 2013

The Brazilian government is planning a special bidding round for mature oil blocks within a year to help small companies and boost output, the Energy Ministry said.

President Dilma Rousseff’s administration is still studying when to start the auction to avoid conflict with a bidding round for shale gas, to happen in December, the ministry said in an e- mail.

“We are selecting the areas that would be of interest to that segment of companies,” the ministry said. “This can help keep up production in mature blocks and help in regional development.”

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus