Brazilian Oil Auction Stirs Privatisation Discussion
Felipe Maciel, Correspondent (South America) BRASILLIA — On October 21, Brazil auctioned the production rights to the Libra field, the largest of the pre-salt deep water oilfields discovered in the country. The winning consortium, led by the Anglo-Dutch Shell, France’s Total and CNPC and CNOOC from China, along with Brazil’s national oil company Petrobras, was the sole bidder to the 35-year concession to develop the oil deposits estimated to contain 12 billion barrels of […]
