Brazil: Eight oil giants sign up to compete for licenses

Eight multinational oil companies, including some of the world’s largest, have registered for a contest in which Brazil will offer rights to exploit oil and natural gas in the gigantic pre-salt reserves in very deep waters of the Atlantic Ocean off the Brazilian coast.

The list of the first eight companies registered and already approved for the so-called Permanent Production Sharing Offer, through which licenses are offered to exploit and exploit deposits in partnership with the Brazilian State in pre-salt blocks, was disclosed on Friday, August 5, by the National Petroleum Agency (ANP).

1. BP Energy do Brasil Ltda.
2. Chevron Brasil Óleo e Gás Ltda.
3. CNODC Brasil Petróleo e Gás Ltda.
4. CNOOC Petroleum Brasil Ltda.
5. Petróleo Brasileiro S.A. (Petrobras)
6. Petronas Petróleo Brasil Ltda.
7. Shell Brasil Petróleo Ltda.
8. TotalEnergies EP Brasil Ltda.

With information from EFE

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