Shell sole bidder in Brazil oil auction

Brazil

RIO DE JANEIRO, May 25, 2018 – Super-major Shell is the only company that will participate in a May 30 tender for oil produced from Brazil’s pre-salt layer, international media reported Thursday.

The oil on auction will come from three offshore fields: Sapinhoa field in the Campos Basin and the Libra and Lula fields in the Santos Basin.

Earlier this week, Brazilian lawmakers approved a presidential decree that authorises state-run pre-salt contract manager Pre-Sal Petróleo to sell a share of the government’s oil and gas. The decree will now have to be approved by President Michel Temer.

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