Very usefull links


News links




Dow Jones

Oil price



Views and News





Brazil authorizes state company Pre-sal Petroleo SA to sell pre-salt oil and gas



By Reuters Staff

Petroleumworld 12 26 2017

Brazil set out provisional rules on Friday for Pre-sal Petroleo SA, the state company managing contracts to develop the coveted offshore pre-salt layer, to market the government's share of oil and gas from there.

Development of pre-salt, where oil is trapped under a layer of salt beneath the ocean floor, is governed by production-sharing contracts that require companies to give so-called profit oil to the government for sale by PPSA.

But before Friday, no rules had been set to dictate how PPSA sells that output, which is the percentage pledged to the government after factoring in costs.

The decree published on Friday allows PPSA to conclude contracts on behalf of the government with trading agents or sell the oil directly, preferably by auction.

The rules take effect immediately but require congressional approval to become permanent.


Reporting by Roberto Samora; Editing by Lisa Von Ahn from Reuters.

reuters.com 12 22 2017

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels





Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.