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



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video