Petrobras, CNODC awarded Aram block in Brazil with minimum allowed bid, the only bid ot the failed 6th Round.

Brazil’s state-run Petrobras and CNODC, a unit of China National Petroleum Corp, were awarded rights to explore and produce oil at the Aram block in the country’s Santos basin by offering the minimum allowed profit oil of 29.96 percent.

This was the only bid of the 6th Pre-Salt Round. The other blocks did not recieve any bids. Clearly the IOC’s are sending a message.

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