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Petrobras Says Bids For Shallow Water Fields Surpass $1 Billion

The transaction is still subject to internal approvals, the company said, adding the bids were received on June 5.

An engineering, procurement and construction tender for the project is expected to be floated later this year.

The fields are estimated to hold reserves of about 1.1 billion tonnes of oil.

The Claymore oil field is the main gathering point for the various offshore fields that make up the light, sweet grade.

Elliot Njus in The Oregonian, May 6, 2019

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