November 7, 2019 / 4:09 PM / 9 months ago

Brazil will reevaluate signing bonuses, other parameters of offshore auctions

RIO DE JANEIRO (Reuters) - The Brazilian government will reevaluate the terms of pre-salt auctions, including the signing bonuses and profit oil required from bidders, Brazil’s mines and energy minister said on Thursday, after a round that was widely seen as disappointing.

“We could change the exploratory regime, the parameters as a whole. We’re evaluating the whole process, and we’re certain that we’re going to perfect it,” Minister Bento Albuquerque told Reuters.

Reporting by Rodrigo Viga Gaier; Editing by Chizu Nomiyama

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