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Brazil to put up Amazon oil and gas for auction
The Observer
|June 15, 2025
The Brazilian government will hold an oil exploration rights auction on Tuesday, only months before hosting the COP30 UN climate summit.
Brazil's oil regulator, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP), plans to auction 172 oil and gas blocks covering 56,000 square miles an area twice the size of Scotland.
This includes 47 blocks located at Foz do Amazonas, the mouth of the river, which oil companies view as of high potential.
Brazil's mines and energy ministry says that the basin could contain oil fields similar to those discovered in Suriname and Guyana, where Exxon Mobil found billions of barrels.
This story is from the June 15, 2025 edition of The Observer.
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