Tag: Brazilian Oil Institute

• Wednesday, May 15th 2013 - 06:50 UTC

  BP and Total win exploration rights in virgin waters of Brazil’s Amazon basin

  

  BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total, based in Paris, gained exploration access to operate five blocks at the Foz do Amazonas basin in northern Brazil together with partners BP and Petrobras, the oil regulator said on Tuesday.