Brazil offshore auction draws big bids
Brazil Though only 22 of 68 blocks offered were awarded, ExxonMobil spent BRL 2.8 billion (USD 844 million) on a single bid, Reuters reported. Together with partners including Qatar Petroleum, Statoil and Petrobras, the super-major picked up a total of eight blocks, followed by Wintershall with seven. Chevron took four.
“This acreage in Brazil’s pre-salt play will provide excellent opportunities to deploy our deepwater expertise,” said Steve Greenlee, president of ExxonMobil’s exploration arm. “We will continue working with the government to develop these world-class resources for the benefit of Brazilians for many years to come.”
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