Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Petrobras, BG Lose Santos Block License in Brazil, Upstream Says

Don't Miss Out —
Follow us on:

July 27 (Bloomberg) -- Petroleo Brasileiro SA and BG Group Plc had their license for an offshore oil block in Brazil’s Santos basin canceled, Upstream reported on its website.

The country’s oil regulator, known as ANP, withdrew the license for the BM-5-52 block after an evaluation plan for the Corcovado-1 discovery in the area wasn’t approved, Upstream reported, citing a person that it didn’t identify.

Officials at BG and the ANP didn’t reply to e-mails and telephone calls. An official at Petrobras’s press office referred all questions to BG, which operates the block, and to the ANP in an e-mailed response to questions.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.