Brazil Attracts ExxonMobile into Investing in Oil Fields

After offering R$1.2 billion in bonus, ExxonMobile wins exploration rights of Campos Basin block.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The government of Brazil is hailing last week’s oil field exploration auction as a sign that foreign and Brazilian investors alike are regaining confidence in the country and its economy, and looking for opportunities to invest.

The 14th round of bidding offered 287 blocks in 29 sectors of the country's nine basins, with the government obtaining more than US$1.2 billion in the 37 blocks . . .

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