Offshore

AlanS
15.01.2022 kl 18:21 2599

https://www.reuters.com/markets/deals/latin-american-oil-auctions-kick-off-after-two-year-lull-2021-12-16/
"(Reuters) Latin American oil auctions kick off after two-year lull

Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development.

Brazil is set to receive bids on Friday for offshore oil reserves that analysts say are some of the most promising to ever come to market. In other countries in the region, more flexible bidding and fiscal terms have piqued the interest of oil companies after a two-year bidding lull.

Latin America has been the source of some of the largest oil and gas finds this century, but several governments postponed or canceled auctions in 2019 and 2020 because of weak oil prices and falling demand due to the coronavirus pandemic."

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