Oil majors to bid on choice stakes in Brazil's offshore

Oil majors to bid on choice stakes in Brazil's offshore

Chamber Articles Category: Energy Post Date: 06/07/18 Source: Reuters By: Alexandra Alper and Marta Nogueira
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RIO DE JANEIRO (Reuters) - Executives from oil majors were set to gather in Rio de Janeiro on Thursday to compete for stakes in Brazil’s pre-salt oil play, home to some of the world’s most alluring offshore geology, as rising oil prices boost appetite for expensive offshore projects.

A record 16 companies, including Chevron Corp, BP Plc and Royal Dutch Shell Plc registered to bid for four blocks in the offshore Campos and Santos basins, part of the so-called fourth pre-salt auction on Thursday. Read Full Article