Offshore Activity

Shell, Exxon win blocks in Brazil’s pre-salt oil auction

Oil majors Royal Dutch Shell RDSA.L and Exxon Mobil (XOM.N) won blocks in Brazil’s coveted pre-salt oil region in an auction on Friday.

Shell was part of consortia that won two of the four blocks on offer in the first part of an eight block auction.

 Exxon, in a consortium with Norway’s Statoil (STL.OL) and Portugal’s Petrogal, a unit of Galp Energia (GALP.LS), won another. There were no bids for the fourth block.

Categories: Offshore Activity

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