The Brazilian government on Thursday sold three of four pre-salt oil blocks on offer at an auction, raising R$3.15 billion. One of the four blocks, located in the offshore Campos Basin, received no bids. The other three were the objects of lively bidding, with state-run Petrobras in contention along with a list of major international oil companies. A consortium including Petrobras won one of the blocks. Later, Petrobras exercised its rights under 2017 legislation and joined the winning consortiums for the other two blocks. Other companies participating in winning consortiums Thursday included Exxon-Mobile, Shell, Portogal of Portugal, Statoil of Norway, and Chevron. The pre-salt region is located in ultra-deep waters far off Brazilian shores.
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