Brazil Plans Oil Auctions for Mature Blocks Within a Year

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

To contact the editor responsible for this story: James Attwood at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.