Thursday, December 14, 2017

Petrobras to Exercise Preferential Rights in Brazil Oil Auctions

Posted by May 16, 2017

State-controlled oil company Petroleo Brasileiro SA will exercise its preferential rights in two offshore oil auctions scheduled for October, Mining and Energy Minister Fernando Coelho Filho said at an event on Tuesday.

The minister did not say where the company, known as Petrobras, would exercise its rights, but he said it would not do so in all of the areas up for auction in the pre-salt region.
(Reporting by Rodrigo Viga Gaier)

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