Exxon, Shell, Statoil Top Offshore Bids as Colombia Shale Flops
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Exxon Mobil Corp., Royal Dutch Shell Plc and Repsol SA were among top bidders for offshore blocks in Colombia’s 2014 oil round as explorers stayed away from shale areas.
The round held today in Cartagena, northern Colombia, marked the entry of Statoil ASA to the South American state that’s betting on offshore and shale deposits to boost reserves amid a failure to make significant onshore discoveries in recent years.