Brazil
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A total of 59 blocks were awarded to 13 companies. -
Dry hole dampens spirits in Brazil’s Sergipe-Alagoas Basin.
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Brazilian state oil company will focus E&P efforts in deepwater.
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Operator will receive $1.38 billion for cluster of 22 concessions in the Potiguar basin.
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State-run company will direct $2 billion towards frontier drilling in the area.
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Onshore stake valued at $1.1 billion.
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QatarEnergy expands business in Brazil with $1.3 billion co-bid for the rights to Sepia field.
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The new production vessel will be installed at the state oil company’s Parque das Baleias complex.
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The country’s 17th Bidding Round attracted bids on just five of the 92 blocks on offer… and all from Shell.
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Sale of the assets could raise around $1 billion.
