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Old onshore Brazilian oil fields to be auctioned in 2017

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Staff Writer | September 17, 2016
Oil field
Oil exploration   Minor round should have been in 2016

The Brazilian minister of Mines and Energy, Fernando Bezerra Coelho, said that the government would auction old onshore fields in February 2017.

This type of auction is known as "minor round" by oil companies.

"In fact, we hoped to have the rodadinha (minor round) in 2016, but the guidelines weren’t signed until recently, and I find it unlikely to happen this year.

"We are working to have the first one in February, and the other ones halfway through the first half of next year, the minister said.

On the table is an auction of unitized pre-salt fields and one post-salt field by the mid-first half of 2017. The pre-salt auction should include four areas adjoining discovered fields, whose reserves branch out of the area currently under concession.


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