Offshore Activity

Brazil sells 37 blocks to 17 oil firms. Exxon, Petrobras JV submit largest bid

Brazilian oil and gas regulators on Wednesday held the 14th bidding round for oil and gas exploration blocks, and it broke some cash records.

Namely, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the round, in which 20 companies took part, had the largest total signature bonus in history – over R$ 3.8 billion – and the two biggest offers for blocks – around R$ 2.24 billion and R$ 1.2 billion.

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Categories: Offshore Activity

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