[uam_ad id="317182"]

SÃO PAULO, BRAZIL – Despite the apparent success of last week’s auction, organized by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), of the concession of 36 blocks for petroleum and gas exploration along the Brazilian coastline, environmental groups are celebrating that four of these blocs, along the Abrolhos coral reef area, did not receive any bids and were not auctioned off.

"The result of the auction shows that the sector understood that the risks involved in oil and gas exploration in sensitive maritime regions - such as Abrolhos - are not worth it," said executive director of . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?