Shell, TotalEnergies, 3R Win Contracts in Brazilian Oil Block Auction

Shell, TotalEnergies and 3R Petroleum were three of 13 companies that won contracts in an April 13 auction for 59 exploratory blocks of oil and natural gas in Brazil.

Reuters

Brazil on April 13 granted 59 exploratory blocks of oil and natural gas to 13 companies, including Shell, TotalEnergies and 3R Petroleum.

The auction totaled 422.4 million reais ($90.10 million) in signature bonus, registering a premium of 854.84%, according to data from the country's oil regulator, ANP.

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