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Worst drought in decades puts Brazil energy, agri interests on alert

Worst drought in decades puts Brazil energy, agri interests on alert
laprensalatina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensalatina.com Daily Mail and Mail on Sunday newspapers.

Brazil slashes its own take in Atapu, Sepia subsalt auction

Rio de Janeiro Brazil slashed its signing bonuses and profit-oil guarantees for the sale of the Atapu and Sepia fields now scheduled for December, significantly improving terms to develop the subsalt oil and natural gas deposits amid greater global competition for the oil industry s investment dollars, the Mines and Energy Ministry said April 20. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Under terms approved by Brazil s National Energy Policy Council, or CNPE, Atapu will be sold for a signing bonus of $721 million and minimum profit-oil guarantee of 5.89%. That was down from a signing bonus of $3.4 billion and minimum profit oil of 26.23% at the previous sale held in November 2019.

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