Minister Fernando Coelho Filho told Reuters that regardless of the injunction, he expected the bid round to move forward as planned.
“We believe the suspension will not remain in place. We will see a great auction,” Coelho Filho was quoted as saying by Reuters.
The auction was halted late Thursday night when a federal judge intervened at the behest of Brazil’s Workers Party.
Eight blocks with more than 12 billion boe in reserves will be offered in the bidding round, targeting the country’s pre-salt layer. Many large oil and gas companies are expected to participate in the tender, including ExxonMobil, Chevron and Shell.
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.