Brazil's first pre-salt oil auction on 30 May failed to attract any offers, and the PPSA is now reportedly intending to re-launch the round later this year. The auction will presumably be held under revised terms. It offered future oil output from the Mero (Libra project), Lula and SapinhoÃ¡ areas.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 attract any offers, and the PPSA is now reportedly intending to re-launch the round later this year. The auction will presumably be held under revised terms. It offered future oil output from the Mero (Libra project), Lula and SapinhoÃ¡ areas.  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.