OCTOBER 27, 2017
RIO DE JANEIRO (Reuters) – Oil majors Royal Dutch Shell RDSA.L and Exxon Mobil (XOM.N) won blocks in Brazil’s coveted pre-salt oil region in an auction on Friday.
Shell was part of consortia that won two of the four blocks on offer in the first part of an eight block auction.
Exxon, in a consortium with Norway’s Statoil (STL.OL) and Portugal’s Petrogal, a unit of Galp Energia (GALP.LS), won another. There were no bids for the fourth block.
Another four blocks will be auctioned later on Friday. The eight blocks on offer contain a total of more than 12 billion barrels of estimated oil reserves.