Brazil Unveils More Terms for Offshore Auction

摘要

Brazil’s government laid out on Wednesday some additional terms regarding a massive oil auction scheduled for later this year, in which it will sell off an oil-producing zone known as the Transfer of Rights (TOR) area. In an official bulletin, the Ministry of Mines and Energy detailed rules on how winning bidders will compensate state-run oil firm Petrobras for exploratory and infrastructure work it has performed in the zone (OD Apr.17’19).