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Brazil to offer fewer blocks for December auction

10/20/2008
Brazil’s National Petroleum Agency (ANP), apparently bowing to pressure from the government, has reduced the number of exploration and production concession blocks to be auctioned at the 10th round, scheduled for Dec. 18. ANP published a notice in the Federal Register that 130 blocks in eight sectors and seven sedimentary basins would be auctioned, down from previous notification of 162 blocks in 11 sectors and nine sedimentary basins. ANP did not disclose its reasons for reducing the acreage scheduled for the auction. However, there has been concern in the country to restrict the availability of acreage in the presalt region due to the high probability of discoveries based on recen...
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