Brazil sells five blocks in lackluster 17th oil, gas bid round

摘要

Brazil slogged through another lackluster sale of oil and natural gas exploration and production concessions, selling five of the 92 blocks on offer Oct. 7 as the ongoing pandemic and global energy transition undermined the country’s 17th bid round. Officials downplayed the lack of interest, especially among big international oil companies as heavyweights such as BP Energy, Equinor and ExxonMobil sat out the sale. Nine companies registered for the auction, down from 17 for the 16th bid round held in 2019.