Brazilian state-run entity PPSA has marketed for the first time the government’s share of pre-salt oil production from the Mero field in the Santos basin.
PPSA, which oversees all production sharing contracts in the pre-salt province, sold 500,000 barrels of oil to Petrobras, which operates Mero with a 40% stake.
The amount refers to two cargoes of oil that will be offloaded from the Pioneiro de Libra floating production, storage and offloading vessel on March and April.
