Brazil plans to off er hundreds of off shore exploration blocks in at least three licensing rounds this year, extending a four-year auction programme that has underpinned the country’s rising oil and natural gas production. Government offi cials are optimistic that onshore and post and pre-salt acreage earmarked for sale this year will reanimate upstream investment from companies other than state-controlled Petrobras. This follows a disappointing end to 2019, when upstream tenders met a lacklustre response.
展开▼
