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Brazil's ANP expects to sell 20 to 30 pct of blocks in round 14 oil auction



By Reuters Staff

Petroleumworld 09 27 2017

The chief of Brazil's oil regulator ANP said he expects the government to sell 20 to 30 percent of the oil exploration blocks in Wednesday's 14th round oil auction, raising at least 500 million reais ($157.93 million) through signing bonuses.

Speaking at an event in Rio de Janeiro on Tuesday, ANP Director-General Decio Oddone also said he expects big interest from auction participants in basins such as Campos, Santos, Espirito Santo and Sergipe Alagoas. The country will auction 287 blocks in total in the upcoming round.

$1 = 3.1660 reais

Reporting by Rodrigo Viga Gaier, Writing by Alexandra Alper; Editing by Sandra Mal from Reuters.

reuters.com 09 26 2017

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