Nine companies dispute 92 oil concessions auctioned by Brazil

Nine companies, including 3 oil giants, Brazil's Petrobras and Colombia's Ecopetrol, on Thursday will dispute 92 concessions to exploit oil in deep waters offered by Brazil in a controversial auction due to the proximity of some areas to sensitive marine ecosystems.

RIO DE JANEIRO, BRAZIL - Among the 9 companies registered for Brazil's 17th Oil Concession Auction are multinationals Shell, Total and Chevron, Australia's Karoon, Germany's Wintershall and North American Murphy.

The 9th company authorized to register by the National Petroleum Agency (ANP) is Brazil's 3R Petroleum, a small oil company dedicated to exploiting mature wells leased by Petrobras, which in May raised US$155 million with its debut on the São Paulo stock exchange.

According to the regulator, 92 concessions "located in 11 high potential and new frontier sectors" in 4 different Brazilian sedimentary basins in . . .

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