Brazil lures investors with big oil auction

Plagued by recent corruption scandals, Brazil is seeking to attract a new wave of investment to its energy sector by auctioning off large numbers of oil and gas exploration blocks across the country

Auction areas
Sep 27  287 blocks
Oct 27  Eight pre-salt blocks (high potential oil prospects)

Sedimentary basins
Offshore
Onshore

Potiguar
Sergipe-Alagoas
Recôncavo
Espírito Santo
Campos
Santos
Pelotas

800km 
500 miles

Parnaíba
B R A Z I L
Brasília
Pre-salt area
Paraná
ATLANTIC OCEAN

Source: ANP        Picture: Getty Images           © GRAPHIC NEWS