INSUBCONTINENT EXCLUSIVE:
(Photo Internet reproduction)Previously, the third auction had six companies and three bids
This time, ten heavy hitters, including Petrobras and ExxonMobil, will compete.The auction will offer 37.5 million barrels from the Mero and
barrel, a live voice auction will decide the winner, ensuring fairness and competitiveness.The revenue will enhance the National Treasury
concession, onerous assignment, and production-sharing.The latter dominates in the low-risk, high-yield pre-salt polygon areas, known for
further solidifying its position on the global stage.
