Two Portuguese companies and one Angolan company vie for oil blocks in Brazil

18 April 2013

Oil company Petróleos de Portugal (Petrogal), the Brazilian subsidiary of Portuguese group Galp Energia, Partex Brasil, linked to Portuguese foundation Calouste Gulbenkian and Sonangol Guanambi, of Angolan state group Sonangol, are three of the 64 companies approved to take part in the 11th auction of Brazilian oil blocks, officials announced.

According to the statement issued Monday by the Brazilian National Oil, Natural Gas and Biofuel Agency, which published the list of approved companies, the auction has been scheduled for 14 and 15 May of this year in Rio de Janeiro.

Two hundred and eighty nine blocks will be auctioned off, totalling 155,800 square kilometres, of which 123 are onshore and the remaining 166 blocks are offshore, and 94 of these are in deep water and 72 in shallow water.

The number of companies approved for the auction is three more than the number approved for the 9th auction, carried out in 2007. (macauhub)