Petrobras to take stakes in 3 blocks in next Brazil pre-salt round

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Reuters SAO PAULO
Last Updated : Dec 14 2017 | 5:56 PM IST

SAO PAULO (Reuters) - Brazil's state-controlled oil company Petrobras will exercise its right of first refusal over three of the areas to be auctioned off in June in the country's next pre-salt oil round, the company said in a securities filing on Thursday.

Under oil sector rules, Petróleo Brasileiro SA, as the company is formally called, has the right to opt for a 30 percent minimum stake in any pre-salt blocks in Brazil. The firm said it would exercise that right over the blocks Dois Irmãos, Três Marias and Uirapuru.

(Reporting by Marcelo Teixeira; Editing by Mark Potter)

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First Published: Dec 14 2017 | 5:46 PM IST

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