Supermajors Shell and TotalEnergies were among the winning bidders in an oil auction in Brazil that offered 59 exploration blocks, including several in the Santos Basin and several in the Potiguar Basin. The auction fetched $90.10 million in signature bonuses, which represented a premium of over 800 percent.
Exploration in the blocks could draw some $86.5 million (406.3 million reais) in investments. Shell won the rights to explore in six blocks in the Santos Basin, Reuters reported. The supermajor was bidding in consortium with Colombia’s…Shell, TotalEnergies Among Winners Of Latest Brazil Oil Tender
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