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Brazil Government Expects Chevron to Bid for New Oil Blocks

Brazil Government Expects Chevron to Bid for New Oil Blocks
A woman sunbathes on Copacabana beach while cargo ships and oil tankers wait to dock at Guanabara Bay in Rio de Janeiro. Photographer: Dado Galdieri/Bloomberg

March 3 (Bloomberg) -- Brazil’s oil regulator expects Chevron Corp., which suspended operations in the country last year after an offshore spill, to participate in an auction for new oil blocks this year, Magda Chambriard, head of the agency known as ANP, said in an interview in Houston.

The regulator also sees OGX Petroleo e Gas Participacoes as a model producer of gas for electricity plants ahead of a gas block auction in October, she said.

Link to Company News:{CVX US <Equity> CN <GO>} Link to Company News:{OGXP3 BZ <Equity> CN <GO>}

To contact the editor responsible for this story: Joe Sabo at jsabo@bloomberg.net

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