Brazil approves first companies for upcoming bidding round

KUALA LUMPUR (Aug 10): National oil firm Petroliam Nasional Bhd (Petronas) is among the first batch of oil majors approved by the the licensing committee of Brazil’s hydrocarbons regulator ahead of the country’s 14th licensing round for oil and gas concessions, scheduled for 27 September.

Energy portal Upstreamonline this morning reported that the 14-strong list of approved companies should grow, as the committee will meet again to continue the qualifying process for another 22 companies that completed the inscription process to participate in the round.

The list of companies already approved includes big international oil companies such as Shell, ExxonMobil, BP, Total, Petrobras and Repsol.

It also includes German pair Wintershall and DEA, plus Malaysia’s Petronas, none of whom have ever participated in Brazilian licensing rounds before.

Upstreamonline said the others on the list of qualified companies include Geopark, Thailand’s PTTEP and the local unit of Australia’s Karoon Gas, plus Brazilian juniors such as Muncks & Reboques and Vipetro.

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