Brazil's Temer sees $30 billion pre-salt investments, $130 billion in royalties

BRASILIA (Reuters) - Brazilian President Michel Temer said Friday's auction of pre-salt offshore oil blocks will generate investments of more than 100 billion reais ($30.8 billion) in Brazil by the winning oil companies.

"We had an excellent result," Temer said in a statement. He said the exploration of the pre-salt reserves should bring in about $130 billion in royalties and other revenues, and the investments will create 500,000 new jobs for Brazil.

($1 = 3.2462 reais)

(Reporting by Anthony Boadle)