New Article From Offshore Engineer Magazine: Big Oil Stuns Brazil in Back-to-back Auction Flops

This news comes as a real shock to me.  I interviewed folks organizing the auction at OTC 2019 and they were marketing this auction very heavily.  You can read that article here:

Apex-Brasil Co-Organizes Educational Seminar At 50th Annual Offshore Technology Conference To Promote Brazil’s Upcoming Oil Auction


© Simon Mayer / Adobe Stock

Meanwhile, here is an excerpt from the Offshore Engineer article and link.

Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s