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 firstname.lastname@example.org
To contact the editor responsible for this story: James Attwood at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.