Brazil lets Petronas Carigali, 10 others to bid for presalt areas

SAO PAULO: Brazil’s oil regulator ANP said on Tuesday it has authorised Petronas and 10 other companies to bid in auctions next month for exploration and production rights in the presalt region off the Brazilian coast.

Ten of the companies cleared to participate are foreign, and one is Brazilian, ANP said in a statement.

All already have oil and gas exploration and production contracts in Brazil, except for Malaysia’s Petronas Carigali SDN BHD, the regulator said.

The government’s second and third rounds of bidding for presalt areas are scheduled for Oct. 27. The first round was in 2013.

In Brazilian petroleum parlance, the term presalt refers to giant offshore oil deposits. They are located several miles below the surface of the Atlantic Ocean, making their exploitation a costly challenge. 

Companies approved for the third presalt round: BP Energy of Brazil Ltda, CNODC Brazil Oil & Gas Ltda, ExxonMobil Exploration Brazil Ltda, Petrogal Brasil SA, Petróleo Brasileiro SA, QPI Brazil Petróleo Ltda, Petronas Carigali, Repsol Exploration SA, Shell Brazil Oil Ltda, Statoil Brazil Oil & Gas Ltda, Total E & P do Brasil Ltda. – Reuters