Optimistic market with upcoming bidding rounds

The upcoming rounds of pre-salt auctions have given optimism to the oil and gas market in Brazil. The decline of the requirement in local content, despite concern, has been seen as a stimulus for the competitiveness of companies installed in Brazil. Investors believe that with the changes in the pre-salt regulatory framework, which have defined the end of Petrobras ' exclusivity as an oil explorer in the country, it has created new opportunities for new businesses for other companies in the sector.

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