The state-led Brazilian player on Monday led the consortium that placed the single minimum bid on the 1547-square kilometre block, which is expected to contain between 8 billion and 12 billion barrels of oil.
Petrobras has a 40% operating stake in the area along with 20% partners Shell and Total as well as Chinese state players China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) with 10% each.
"The
