EnergyCents- Ep 93: Permanent Offer: New auction format to speed Brazil pre-salt development

More than a dozen operators are preparing to bid in December on up to 12 pre-salt blocks in Brazil's Campos and Santos basins, including the promising Ametista Block. This year's auction times with the finalization of a presidential run-off and marks the first time pre-salt blocks are available in a Permanent Offer System, which is designed to promote award efficiency and had been previously applied to more marginal acreage. Brazilian petroleum-sector expert Ford Tanner joins EnergyCents this week to consider how the country's presidential run-off may influence its future oil policies, and discuss the uniqueness of the upcoming pre-salt auction. Learn more about S&P Global Commodity Insights' petroleum-sector risk coverage at: https://ihsmarkit.com/products/oil-gas-petroleum-news-peps.html. Join the conversation at [email protected].