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Last week, the Brazilian Federal Audit Court approved an oil auction that covers parts of the pre-salt zone offshore Brazil that was involved in a long dispute between the Brazilian government and Petrobras. The Brazilian pre-salt oil region consist of carbonates found below the salt layer. It’s oil-rich offshore reserve that is trapped below 2,000 meters of a thick layer of salt, where this layer of salt was deposited on accumulated organic matter, holding it for millions of years until thermochemical processes turned the organic layers into hydrocarbons (oil and natural gas).
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