The Fith Round of Production Sharing Bids in pre-salt areas ended this morning (Sep. 28) after all blocks were clinched by companies in the sector. The auction brings $1.7 billion in signing bonuses to Brazil’s government.
Brazil’s National Oil, Natural Gas, and Biofuels Agency (ANP) sold three of the four blocks offered as part of the fourth pre-salt auction, carried out today (Jun. 7). Bonuses added up to $807.7 million.
The 14th licensing round for oil blocks promoted by Brazil's national oil regulator ANP closed out with a total $1.2 billion raised—the highest amount in history, with an average premium of 1,556.05% (difference between the minimum value and what was actually collected).