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Inside Investor

BRAZIL: Round 11 in Rio, Hot and Getting Hotter

BRAZIL: Round 11 in Rio, Hot and Getting Hotter

Bottom Line: Rio’s 11th round of bidding for new concessions went down in an atmosphere of heavy competition, with Brazilian offshore acreage fast becoming some of the hottest oil and gas blocks out there thanks to some impressive pre-salt finds and developments.
 
Analysis: The National Petroleum Agency hosted the 11th round of oil concession bids in Rio de Janeiro, Brazil…

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