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Petrobras to get participation in 3 blocks on next Brazil pre-salt round


 

 

By Reuters Staff

SAO PAULO
Petroleumworld 12 15 2017

Brazil's state-controlled oil company Petrobras will exercise its right of first refusal over three of the areas to be auctioned off in June in the country's next pre-salt oil round, the company said in a securities filing on Thursday.

Under oil sector rules, Petróleo Brasileiro SA, as the company is formally called, has the right to opt for a 30 percent minimum stake in any pre-salt blocks in Brazil. The firm said it would exercise that right over the blocks Dois Irmãos, Três Marias and Uirapuru.



Reporting by Marcelo Teixeira; Editing by Mark Potter from Reuters.

reuters.com 12 14 2017

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