64 Firms to Bid on Brazil Oil Blocks

By Maria Lopez Conde, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Sixty-four out of the 71 national and international companies that filed requests with the Brazil’s National Petroleum Agency (ANP) will be allowed to bid for Brazilian exploration blocks this May, the oil regulator announced. This represents a modest increase from the 61 firms that participated in the last round of auctions of this kind in 2008.

Billionaire Eike Batista’s OGX Petróleo e Gás, Recife-based conglomerate . . .

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