27 April 2024
Brazil’s latest tender fails to attract major interest despite contractual sweeteners
Publication date: 28 September 2017
Gas Strategies Group
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Brazil has auctioned off just 37 of the 287 blocks on offer under its latest exploration tender. Brazilian companies accounted for 10 of the 17 companies that won acreage, signalling a less-than-encouraging appetite among international majors towards Brazil’s new contract model.
The 14th round offering both onshore and offshore blocks proved something of a flop despite ...