Brazil enjoys licensing success

OE Staff
Monday, June 17, 2013

ANP, Brazil’s National Petroleum Agency, announced the winners of its 11th licensing round. There were 289 blocks (150,000 sq km) up for bid. Thirty high bids were accepted, about US$1.4 billion in revenue, ANP said. Total offered the highest bid for a single block, US$171.4 million (R$345.950 million), for Block FZA-M-57, in the Foz do Amazonas Basin. Total (40%) will operate with partners Petrobras (30%) and EOC BP (30%).


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