Big Oil executives jet to Rio for deepwater oil sale

Brazil will auction eight blocks in its coveted deepwater oil region on Friday, a prospect that has attracted top executives from the world’s biggest oil companies to Rio de Janeiro for the bidding round.

The oil companies and Brazilian officials expect to see aggressive bidding for the more than 12 billion barrels of estimated oil reserves on offer.

Read more

Leave a Reply

Powered by WordPress.com.

Up ↑

%d bloggers like this: