Brazil auctions 35-year production rights to giant offshore Libra oil area

Monday, October 21st 2013 - 21:41 UTC

Full article 3 comments

Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. The auction in Rio do Janeiro took place amid strict security measures with hundreds of police forces clashing with protestors. Read full article

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Brasileiro
Despite concerns Anglo-NorthAmericans, the auction was a complete success.

This is just one of the pre-salt wells.

I hope that in the coming auctions Chevron and Exxon can participate. It may be that their interest is shale gas. Well, we'll always have the Chinese.
Oct 21st, 2013 - 11:32 pm - Link - Report abuse 0
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Captain Poppy
Let the Chin in and allow them to mine as well as drill, they are dedicated environmentalists.

http://www.washingtonpost.com/blogs/capital-weather-gang/wp/2013/10/21/chinese-city-shut-down-by-off-the-charts-pollution/
Oct 22nd, 2013 - 12:48 am - Link - Report abuse 0
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golfcronie
@1
Good God is this Brasileiro? He makes sense at last. well done
Oct 23rd, 2013 - 10:41 pm - Link - Report abuse 0
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