Brazil has approved a total of 64 companies to bid in its 11th licensing round, according to the country’s regulator National Petroleum Agency (ANP).
The number of companies wanting to participate is a record, surpassing the previous number of 61 for the ninth round of auctions in 2007, it added.
A total of 71 companies submitted documentation to bid. Among those approved were OGX Petroleo e Gas SA (OGX) and Petrobras of Brazil, as well as the Brazilian units of Shell, ExxonMobil, Repsol, BP, Chevron and Hess.
The 11th round should raise more than US $500m in signing bonuses, according to ANP Director Magda Chambriard. The round will be held on 14-15 May.
Recommended Reading
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Rystad: More Deepwater Wells to be Drilled in 2024
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.