Marco Almeida, Brazil's Deputy Minister of Energy and Mines, said in Rio de Janeiro on the 13th that the Brazilian government will auction the right to explore and exploit sub-alcoholic oil fields for the first time early next year, while the first auctioned oilfield is located in Santos, southeast of Brazil. Bay of Libra oil field.

Almeida said that according to the exploration of the Brazilian National Petroleum Agency, Libra oil field is expected to have an oil reserve of 8 billion barrels, which is one of the largest oil fields discovered in Brazil.

On the same day, Brazilian National Petroleum Director Arrodo Lima forecast that the auction contract will be around R$ 20 billion (approximately 1.76 reais per dollar). According to Brazilian law, the National Petroleum Agency will draw up a minimum amount for signing the contract.

Lima also said that the Brazilian election held in October will affect the timetable for oil field auctions. If the presidential election is conducted with a round of voting, the Brazilian Congress will pass laws concerning the auction of sub-alcoholic oil fields at the end of this year so that auctions can be conducted in the first half of next year.

The first round of the Brazilian presidential election will be held on October 3 this year. If no candidate wins an absolute majority of votes, the second round of voting will be held on October 31st.