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Brazil Regulator Approves Shell, Total, BP, Others for Pre-salt Oil Bids

Source: Reuters 8/29/2018, Location: South America

Brazil’s oil industry regulator ANP has approved six energy companies to bid for four pre-salt blocks in the Campos and Santos Basins to be auctioned on Sept. 28.

The companies approved to bid are Shell, Total, BP, Germany’s DEA, QPI from Qatar and Chinese-owned CNODC Brasil Petroleo e Gas Ltda. The fifth pre-salt round is the last chance for oil companies to lock in stakes in Brazil’s coveted offshore oil deposits before the country’s October presidential elections, the uncertain outcome of which could change the rules for future auctions.

Exploration News in Brazil >>

Angola >>  5/14/2019 - After Kalimba, Afoxé and Agogo, the Ndungu discovery further demonstrates the exploration potential contained in the block’s deeper geological sequenc...
Ghana >>  5/9/2019 - Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana. The well, drilled on the Akoma exploration prospect, proved an estimated ...

Uganda >>  5/9/2019 - Uganda has launched a second round of competitive bidding for five oil exploration blocks in the west of the country, where it has already discovered ...
Bahrain >>  5/2/2019 - Following a joint study conducted by Eni in 2016 and the signature of the Memorandum of Understanding dated 13th January 2019, Eni has signed an Explo...

United Arab Emirates >>  5/1/2019 - ADNOC has launched Abu Dhabi’s 2019 Block Bid Round, opening for bidding five new onshore and offshore exploration blocks with substantial oil & gas p...
New Zealand >>  4/30/2019 - New Zealand Petroleum & Minerals has launched the delayed Block Offer 2018 tender for petroleum exploration permits. The release area is restricted to...

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