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

15 May 2013

Brazil’s National Oil, Natural Gas and Biofuel Agency (ANP) Wednesday concluded the 11th auction of oil blocks, in which two Portuguese companies and one Angolan company took part, according to an official statement.

The Portuguese and Angolan companies bidding in the auction, which was held Tuesday and Wednesday in Rio de Janeiro, were Portugal’s Galp Energia, Partex, a company that is part of Portugal’s Calouste Gulbenkian Foundation and Sonangol Guanambi, of Angolan state group Sonangol, amongst a total of 64 competing companies.

Two hundred and eighty nine blocks are being auctioned off, totalling 155,800 square kilometres in 11 sedimentary basins – Barreirinhas, Ceará, Espírito Santo, Foz do Amazonas, Pará-Maranhão, Parnaíba, Pernambuco-Paraíba, Potiguar, Recôncavo, Sergipe-Alagoas and Tucano – 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. (macauhub)