EXPLORATION

$600m exploration spend for Brazil after hugely successful bid round

192 blocks awarded in Brazil's latest acreage bid round

Colin Hay
 Oil pump on background of flag of Brazil

Oil pump on background of flag of Brazil

According to ANP figures, the auction of 192 onshore and offshore exploration blocks raised approximately A$128 million. Moreover, it is expected to create more than A$608 million in new exploration spending...

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