Regulatory News

While in Brazil oil exploration auctions came to a standstill four years ago, countries like Norway are attracting large investments from companies willing to participate in bid-rounds for prospecting wells in the North Sea and in the Barents Sea. There have been 22 bid-rounds and the last, held in December, mobilized the interest of 36 companies.

The potential in subsalt areas also attracted investments in countries in West Africa such as Gabon, Angola, Mozambique and Namibia.

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