Brazil's first pre-salt oil auction on 30 May failed to gather any offers. The auction had future oil output from the Mero (Libra project), Lula and SapinhoÃ¡ areas on offer, but only one company showed some interest and failed to turn up at the sale. Â Oil from the Tartaruga Verde area was due to be offered too but was not be released since the percentage of govt profit oil is still under negotiation.
Brazil's first pre-salt oil auction on 30 May failed to gather any offers. The auction had future oil output from the Mero (Libra project), Lula and SapinhoÃ¡ areas on offer, but only one company showed some interest and failed to turn up at the sale.  Oil from the Tartaruga Verde area was due to be offered too but was not be released since the percentage of govt profit oil is still under negotiation.