Oil Majors To Bid On Choice Stakes In Brazil`s Offshore

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.

In the pre-salt layer, billions of barrels of oil are trapped beneath a thick layer of salt under the ocean floor.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
SHARE

Suhani Verma

  • Image
  • Image
  • Image
    Blogger Comment
    Facebook Comment

0 comments: