Brazil oil auction: Sole bid wins exploration rights

The rights to explore Brazil's biggest oilfield have been won at an auction by a consortium led by Brazil's state-run Petrobras, backed by Total, Shell and Chinese firms. The group made the only bid in the auction, offering the minimum share of the surplus production. via Pocket http://www.bbc.co.uk/news/world-latin-america-24618086#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa