By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The Mines and Energy Minister of brazil, Fernando Bezerra Coelho, announced on Thursday that the federal government will be auctioning off old onshore petroleum fields in February of 2017 and a pre-salt auction by June of 2017.

“We are working so that the first auction will be held in February and the others in the middle of the semester,” the minister told reporters in Rio de Janeiro.

According to Bezerra Coelho the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here