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Petronas and 10 others approved by Brazil for largest-ever oil auction
by Cals Wed 02 Oct 2013, 18:40
Published: Wednesday October 2, 2013 MYT 6:46:00 AM
Updated: Wednesday October 2, 2013 MYT 8:36:21 AM
Petronas and 10 others approved by Brazil for largest-ever oil auction
Brazil's petroleum regulator approved all 11 companies that paid to receive bidding information for the Oct. 21 sale of Brazil's Libra oil prospect, the country's largest-ever oil discovery.
The approval, announced by the press office for the regulator, does not mean the companies will take part. Additional guarantees that the companies have resources to pay their share of an up-front 15 billion real ($6.73 billion) cash payment are needed before bids can be made.
The prospective bidders are Malaysia's Petroliam Nasional, or Petronas, India's Oil and National Gas Co, Colombia's Ecopetrol SA , China's CNOOC, China National Petroleum Corp , China's Sinopec, Spain's Repsol SA , Portugal's Galp Energia SGPS SA, France's Total SA, Japanese trading company Mitsui & Co Ltd , and Anglo-Dutch Royal Dutch Shell Plc.
($1 = 2.23 Brazilian reais) - Reuters
Updated: Wednesday October 2, 2013 MYT 8:36:21 AM
Petronas and 10 others approved by Brazil for largest-ever oil auction
Brazil's petroleum regulator approved all 11 companies that paid to receive bidding information for the Oct. 21 sale of Brazil's Libra oil prospect, the country's largest-ever oil discovery.
The approval, announced by the press office for the regulator, does not mean the companies will take part. Additional guarantees that the companies have resources to pay their share of an up-front 15 billion real ($6.73 billion) cash payment are needed before bids can be made.
The prospective bidders are Malaysia's Petroliam Nasional, or Petronas, India's Oil and National Gas Co, Colombia's Ecopetrol SA , China's CNOOC, China National Petroleum Corp , China's Sinopec, Spain's Repsol SA , Portugal's Galp Energia SGPS SA, France's Total SA, Japanese trading company Mitsui & Co Ltd , and Anglo-Dutch Royal Dutch Shell Plc.
($1 = 2.23 Brazilian reais) - Reuters
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