New lease of life for onshore Brazil

摘要

A second licensing round last week within Brazil's "permanent offer" format was hailed as a success, although Shell's headline-grabbing move for a single ultra-deepwater block distracted attention from what were interesting moves made at onshore tracts. Brazilian independents Eneva and Enauta forged an eyecatching joint venture to acquire four blocks in the under-explored Parana basin block, in southern Brazil. Eneva is often feted as a success story in a Brazilian gas sector that was long held back by the Petrobras monopoly.