Multiple firms star in Brazil’s recent O&G auctions

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados is among six firms to confirm their roles as counsel in recent oil and gas auctions that have succeeded in attracting big names to Brazil’s hyrdocarbons sector, but where lower than expected interest suggests regulatory changes have not been enough to dispel wider concerns over the health of industry and the country.

Multiple firms star in Brazil’s recent O&G auctions Brazil 14th oil and gas auction smashed signature bonus records , iStock/brazzo

Mattos Filho advised ExxonMobil in connection with both the auction of pre-salt blocks that took place in October, and September’s 14th oil and gas bid round. The Texan company hired Mattos Filho for a farm-out agreement related to the latter bid round as well. Ecopetrol, CNPC and BP also hired Mattos Filho for the pre-salt bid round, with BP obtaining specific advice regarding the production-sharing contract. Norway’s Statoil received advice from the same firm regarding a farm-out linked to the 14th bid round.

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