Brazil’s government expects to bring 6 billion reais ($1.45 billion) into state coffers from the so-called sixth pre-salt oil bidding round scheduled for Nov. 7, a finance ministry official said on Monday.
The minimum signing bonuses owed to the government in that round come to 7.85 billion reais, though it is possible not all areas will fetch bidders. Waldery Rodrigues, Brazil’s special secretary to the Economy Ministry, made the comments following a revision to the nation’s 2019 budget forecast.
Full list of bidders here
Source: Reuters
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