Repsol, Ecopetrol and 17 other oil firms cleared for Brazil's next pre-salt auction

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Nineteen oil companies, including Spain's Repsol and Colombia's Ecopetrol, have been authorized to participate in Brazil's pre-salt hydrocarbon exploitation auction. This auction is key to developing the country's principal crude reserves.

Nineteen oil companies, among them Spain's Repsol and Colombia's Ecopetrol, have been cleared to bid in the upcoming auction of licenses to partner with the Brazilian State in the exploitation of hydrocarbons in the pre-salt, the country's main crude reserve. The list was released on Friday by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), following its publication in the Official Gazette.