Brazil's Libra round a pre-salt "lab test"
October's auction of the Libra oil field will be a pre-salt "laboratory test" for the Brazilian government as it seeks to expand ultra-deepwater drilling, a consultant has told BNamericas.
The field in the Santos basin, off Brazil's southeast coast, will be the only area on offer during the October 21 round.
It will be the private sector's first chance to participate in Brazil's pre-salt blocks, though firms may only hold a minority non-operating interest.
"Libra is going to be a laboratory test for pre-salt to see if the current model can work," said Arthur Pimentel, director of Rio de Janeiro-based oil consultancy A&P.