Brazil’s environmental regulator Ibama said on Tuesday it has rejected Total SA’s environmental study on drilling in the Foz do Amazonas basin, warning it needs more information or it will suspend the French oil firm’s license application.
Ibama’s repeated refusals to accept Total’s environmental impact study has held up the company’s four-year quest to explore the offshore basin, an area some geologists say could contain up to 14 billion barrels of petroleum, or more than the entire proven reserves in the Gulf of Mexico.
Brazil Energy Insight 
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