SÃO PAULO, BRAZIL – In little over a week, Brazil’s government will hold two auctions for oil and gas exploration and production areas, most of them located in deepwater pre-salt areas. According to experts, the auctions on November 6th and 7th, should raise over R$130 billion for the federal government and state-owned oil giant, Petrobras.
On November 6th, the government will sell off the surplus of reserves in four areas of the Santos Basin, already discovered by Petrobras, which exceed the contractual volume to be explored by the state-owned company .
In 2010, the government granted . . .
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