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Brazil Sells 9 of 10 Inactive, Marginal Areas Offered at Auction

Source: Reuters 12/10/2015, Location: South America

Brazil's oil regulator ANP raised 4.25 million reais ($1.12 million) with the sale of nine out of 10 marginal oil-rights concessions it offered at an auction of inactive areas.

The areas were offered to small Brazilian producers. They border existing discoveries that have failed to attract previous drilling interest or were found to be commercially inviable.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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