PPSA increases oil volume offered at the next auction

The company pre-SAL Petroleum S.A. (PPSA) Answered investors ' requests and increased the union's oil volume that will be offered at the next auction in the Paulista Fellowship B3 on 31 August.

In the auction will be offered 14.4 million of barrels of oil inherent in the production of the Union considered in the next three years concerning the fields of Mero, thrush and Lula of the basin of Santos.

Previously, the state planned to auction about 3 million barrels that would be produced over a year in the three areas. The goal of the change would be to increase the attractiveness of companies and investors.

Lots will be offered individually and, for each area, the winning company is the one that offers higher income on the reference price of petroleum (PRP) established by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

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