Brazil axes future bid rounds and transfers 11 pre-salt areas to permanent offer

Government decision follows ‘fiasco’ of 17th licensing round held in October

Changes: Brazil's Mines & Energy Minister Bento Albuquerque — Changes: Brazil's Mines & Energy Minister Bento AlbuquerquePhoto: AFP/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil National Council for Energy Policy Petrobras Bento Albuquerque Americas

Published 14 December 2021, 14:13Updated 15 December 2021, 17:17