Brazil oil auction raises $2.2B; big winner Total to sit out next month's bidding [Seeking Alpha]
TOTAL SA (TOT)
Last total sa earnings: 2/7 04:01 pm
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Source: Seeking Alpha
Seeking Alpha Energy Brazil oil auction raises $2.2B; big winner Total to sit out next month's bidding Oct. 10, 2019 6:13 PM ET | TOTAL S.A. (TOT) Carl Surran Total (NYSE: will not participate Brazil's government expects to raise 106B reais ($25.8B) from the November auction after picking up 8.9B reais ($2.2B) in signing bonuses today. A TOT-led consortium which included Malaysia's Petronas and Qatar Petroleum won the exploration and production rights for an offshore block near the pre-salt region today, paying 4.03B reais Other major winning bids included a bid of 1.11B reais by Petronas for a block in the Campos Basin, and a 2.04B reais bid from Brazil's Petrobras (NYSE: PBR BP Royal Dutch Shell ( RDS.A RDS.B CVX XOM OTCQX:REPYF OTCQX:REPYY Click to subscribe to real-time analytics on TOT Now read: The Most Reliable On Earth: Kiplinger's International Aristocrats In September » Subscribe
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