Encourage the production of oil in land fields

According to information provided by the Secretary of petroleum and Natural gas of the Ministry of mines, energy, the Government has defined a set of initiatives to stimulate the production of oil and natural gas fields.

For that, a measure has already been taken: lower royalties for blocks exploited in "border areas", i.e. no history of holding still and with greater risks. The legislation allows them to be charged 5% royalties to 10% in each block bid. The idea is to apply a rate of 5%.

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