U.S. firms dominate Brazilian E&D bidding round

05/10/1999
U.S. companies are leading the pack in the first bidding round for concessions to companies seeking to explore and develop oil and gas fields in Brazil, said David Zylbersztajn, executive director of Brazil's National Petroleum Agency (ANP). While no companies have been identified yet, countries represented by prospective bidders are: the U.S., 18 firms; Brazil and the U.K., 5 each; Argentina, Canada, and France, 2 each; and Chile, Germany, Japan, the Netherlands, South Korea, and Spain, 1 each. ANP sold $9.7 million worth of information packages providing full geological data acquired on the 27 blocks that are to be auctioned on June 16 or 17. Concession agreements wil...
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