Brazil’s first round under the new permanent offer mechanism has breathed new life into an ailing onshore sector in need of investments, while US supermajor ExxonMobil took the chance to boost its growing portfolio by adding new blocks in the deep waters of the Sergipe-Alagoas basin, writes Fabio Palmigiani.
The Brazilian National Petroleum Agency (ANP) successfully sold exploration rights to 33 blocks and 12 areas with marginal accumulation in the inaugural round, raising 22.3
