Brazil’s PPSA approves six companies to bid in subsalt oil sale

摘要

Six oil companies will compete for the rights to buy Brazil’s share of profit oil from four subsalt production sharing fields, with up to 55 million barrels of crude available, government subsalt management company Pre-Sal Petroleo SA, or PPSA, said Nov. 12. China National Petroleum Corp., or CNPC, Norway’s Equinor, state- led Petrobras, Portugal’s Galp Energia, Chinese-Spanish joint-venture company Repsol Sinopec Brasil SA and France’s TotalEnergies were approved to participate in the Nov. 26 auction, PPSA said. The sale will feature the government’s share of profit oil from the Buzios, Mero, Sapinhoa and Tupi subsalt fields.