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Eleven multinationals to compete in auction to exploit two gigantic oil fields in Brazil

RIO DE JANEIRO, BRAZIL - Eleven multinationals will compete this Friday in an auction in which Brazil will offer rights to exploit part of two gigantic oil fields discovered by the state-owned Petrobras and which have reserves estimated by the Government at 12 billion barrels of crude oil.

This is the second round of bids for the surplus volumes of the onerous sssignment, in which the National Petroleum Agency (ANP, regulator) will offer to the highest bidder the rights to exploit part of the reserves discovered in the Sepia and Atapú fields, located in very deep waters of the Atlantic . . .

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