Exxon Mobil Corp, BP Plc and BG Group Plc decided not to make bids for the giant offshore Libra oil prospect that Brazil plans to auction on Oct. 21, Magda Chambriard, head of Brazil's oil regulator ANP, said on Thursday.
The decisions by the three international giants - two of which, BP and BG, already have large investments in Brazil near Libra - have helped frustrate Chambriard's expectation that more than 40 companies would take part in the auction.
As of yesterday's deadline, less than 40 companies had paid the 2.05 million real ($931,818) fee to guarantee a spot at the auction, Chambriard told reporters in Rio de Janeiro.
Earlier on Thursday, Chambriard said that at least 12 companies had paid the initial entry fee. The ANP will publish a complete list of preliminary participants on Thursday, the regulator's press office said on Wednesday.
The ANP said Libra holds 8 billion to 12 billion barrels of recoverable oil, enough to supply all current world oil needs for three to five months.
Trending On Reuters
Nepali police and local volunteers found the bodies of about 100 trekkers and villagers buried in an avalanche set off by last month's devastating earthquake and were digging through snow and ice for signs of dozens more missing, officials said on Monday. Full Article | Slideshow
- Everest not officially closed to climbers, Nepal says
- Video: Nepalese leave Kathmandu and return to villages
- Monsoons could bring disease, a second crisis, to Nepal - UNICEF
- Insight - Soul-searching over quake ends Everest climbing season
- Video: Relief goods for Nepal quake victims held up, remote areas awaiting aid
Facebook launches open Internet.org platform amid net neutrality debate in India Full Article