State-run oil and gas companies in India plan to pool their resources to bid for the Libra field, located 180 km off the coast of Rio de Janeiro in the Santos basin, Brazil. This is said to be the first petroleum rights sale under the new production-sharing rules by Brazil and the sale may take place in November, reports indicate. The auction will be conducted under a new production-sharing contract regime that guarantees the state a greater share in profits.
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Home » State-run firms eye Brazilian field
State-run firms eye Brazilian field
Oil & Gas
July 1, 2013July 1, 2013
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