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.


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