Related Articles
Registered companies largely exited stage left
Forward article link
Share PDF with colleagues

Brazil suffers acreage sale setback

Bidding round deemed a disappointment after most operators steer clear

The bruising economic and financial toll of the pandemic may have started to ease, but licensing rounds are still feeling the effects. Brazil’s latest offshore offering—the 17th bidding round—failed to attract more than two bidders, raising just BRL$37mn ($6.7mn) from five blocks. Four basins were available to the nine registered companies: Chevron, Shell, TotalEnergies, Brazilian NOC Petrobras, Colombian state firm Ecopetrol, US independent Murphy Oil, Australian firm Karoon, Germany’s Wintershall and Brazilian independent 3R Petroleum. But despite this varied slate of IOCs and NOCs, only the pre-salt Santos basin attracted winning bids. Shell took a stake in five blocks, one in consortiu

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
European gas market faces another uncertain year
28 January 2022
The lack of Russian gas and LNG capacity constraints threaten Europe with a shortfall of supply
Social licence needed in a decarbonising world
28 January 2022
Oil and gas producers can become part of the solution. But only if they can maintain, or regain, public trust
IEA calls for Canadian emissions reduction action
28 January 2022
The country’s oil and gas sector is a culprit in disappointing delivery despite good policymaking
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video