O&G exploration and exploitation
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GDF SUEZ Makes First Step in Exploration-Production Activities in Brazil

GDF SUEZ Makes First Step in Exploration-Production Activities in Brazil | O&G exploration and exploitation | Scoop.it
GDF SUEZ has signed an ‘Asset Purchase Agreement’ with Vale S.A., one of the largest metals and mining company in the world, to acquire its 20% participating interest in two gas exploration blocks in the Parnaiba onshore basin, located in the North...

Via Frank Klomp
Marin's insight:

Brazil represents a great opportunity for oil and gas exploration, since a lot of regions are still untapped.

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Four energy giants win Brazil oil auction - SBS

Four energy giants win Brazil oil auction - SBS | O&G exploration and exploitation | Scoop.it
Four energy giants win Brazil oil auction
SBS
China's CNOOC and CNPC, Anglo-Dutch giant Royal Dutch Shell and France's Total have joined Brazilian state operator Petrobras in winning production rights to huge Libra Atlantic oilfield.
Marin's insight:

This is a good example of a consortium made to exploit a large oil field. Such a partnership is made because the exploration and exploitaion of oil field are really expensive and can't be managed by only one company. Moreover it allows multinationals to have shares in countries where energy business is already hold by a state-owned company such as Petrobras in Brazil.

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