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Economy

Pre-salt auction receives $807.7 million in bonuses

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.

Rio de Janeiro - A Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) realiza a 14ª Rodada de Licitações de Petróleo e Gás (Tânia Rêgo/Agência Brasil)
Economy

Oil blocks in auction fetch $1.2 billion in Brazil

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).