Brazil Government announces on April 11th, 2017 the 3rd Bidding round for Oil and Gas regarding the pre-salt area. The Pre-salt area has proved reserves of 45.8 billion barrels and will change the Oil map in the world, transforming Brazil in one of the biggest Oil producers.
The 3rd bidding will occur in November/2017 and Investors must keep attention on the schedule for documentation regarding finance and legal requirements.
Oil Companies from all part of the world can participate following the legal and finance requirements.
Moreover, the pre-Salt area will generate opportunities to all Oil and Vessels equipment and services, and companies not established in Brazil must think about it.
About the author
Marcus Vinicius Buschmann - Buschmann & Associados Advogados, Brazil (A member firm of ADAM Global Network)