Petrobras, Chevron-led consortia pick up blocks in Foz do Amazonas auction
SAO PAULO, June 17 (Reuters) - A consortium led by Brazil's state-owned oil company Petrobras (PETR4.SA), opens new tab including ExxonMobil (XOM.N), opens new tab was awarded five blocks in the controversial Foz do Amazonas basin in an auction held by the South American country's ANP authority on Tuesday.
Another consortium, led by Chevron (CVX.N), opens new tab and including China's state-owned oil producer CNPC (CNPET.UL)
, acquired a total of nine blocks in the auction for blocks in the basin.
Plans in Brazil to drill for oil in the Foz do Amazonas basin - located off the coast of the Amazon rainforest - are controversial due to the environmental importance of the region and have faced delays in obtaining permits.
The region is home to vast coral reefs and coastal Indigenous communities.
Another consortium between Petrobras and ExxonMobil, this time led by the U.S. company, picked up five additional blocks in the basin.
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