Petrobras, CNOOC and Petrochina major winners in Brazil’s oil auction
The state-controlled oil giant Petrobras successfully bid for a total of 14.5 million barrels (mbbl). Offshore Technology – August 1, 2024 Petrobras, China National Offshore Oil Corporation (CNOOC) and Petrochina emerged as the major winners in the latest oil auction conducted by Brazil’s Pre-Sal Petroleo (PPSA), with expectations of substantial revenue generation, reported Reuters. The state-controlled oil giant…