Four more oil companies were approved to participate in the sixth presalt oil bidding round, bringing the total to 17 companies allowed to bid in the auction scheduled for Nov. 7, Brazil’s oil regulator ANP said on Oct. 15.
Norwegian Equinor ASA, Brazilian Enauta Participacoes SA, Compania Espanola de Petroleos S.A.U. and Petroleos de Portugal Petrogal SA, controlled by Galp Energia SGPS SA, are joining the bidders.
“The total number of bidders is a record for auctions in the production sharing regime, surpassing the 16 qualified for the fourth production sharing round held last year,” ANP said in a statement.
The sixth presalt oil bidding round involves production areas known as Aram, Bumerangue, Cruzeiro do Sul, Sudoeste de Sagitario and Norte de Brava.
The minimum signing bonuses owed to the government in that round come to 7.85 billion reais (US$1.89 billion), though it is possible not all areas will fetch bidders.
The partnership to streamline the adoption of scalable AI solutions comes at a time when “forward-thinking” companies are exploring ways to make their operations cleaner, safer and more efficient, says Microsoft exec.
Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for first-quarter 2021.
KCA Deutag said Nov. 18 that its land drilling operation has won new contracts worth approximately $460 million in the Middle East, Africa and Europe.