Brazil expects to pocket some $1.45 billion (6 billion reias) from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is $1.9 billion (7.85 billion reias). However, there is no certainty that all the blocks will end up with a suitor. Interest is strong. The auction will offer an area in the pre-salt zone that contains an estimated…
