Brazil’s industry regulator, National Petroleum Agency has named the first 12 companies that have received approval to participate in the oil and gas exploration sites auction later this year.
The government agency’s list of potential bidders included Brazilian company Petro Rio, French company Engie, Portugal’s Galp Energia, Anglo-Dutch giant Royal Dutch Shell and Angola state oil firm Sonangol.
The National Petroleum Agency inspects and monitors the oil, natural gas and biofuel industries as well as calling for tenders for projects in the oil and gas industries. It also plays a key role is publishing statistics on the future of the industry.
The auctions will take place in October this year.