Exploration & Production

Brazil’s fifth pre-salt bidding round will attract little interest – GlobalData

The four blocks on offer in Brazil’s fifth pre-salt licensing round are unlikely to receive the number of bids achieved in previous rounds, according to GlobalData
By Staff reporter 2 July 2018 0 31570

The four blocks on offer in Brazil’s fifth pre-salt licensing round are unlikely to receive the number of bids achieved in previous rounds, according to GlobalData.

The consultancy said three of the four blocks had already been offered in previous rounds and had received no bids.

“The government will hope that improved terms can attract [explorers and producers] to bid on these blocks this time around,” said Will Scargill, GlobalData’s senior oil and gas analyst.

The round is scheduled to close on 28 September  

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