The country seeks to increase the competitiveness of its industries by boosting wet gas production.
The Colombian and Malaysian oil companies have signed an MOU for cooperation in the exploration, production, natural gas and downstream segments.
The deal involves half of QGEP'S 100% interest in the ultra-deepwater SEAL-M-428 and SEAL-M-351 areas, part of the Sergipe-Alagoas basin off the country's northeast coast.
João Corrêa, Brazil country manager of Norwegian company Spectrum, spoke to BNamericas about the different types of seismic surveys and data analysis that are used in the oil and gas industry and about how the company operates in Brazil, including its future plans for the country.
A former head of the Mexican NOC, who has been accused of accepting bribes from Brazilian conglomerate Odebrecht, has expressed his willingness to cooperate with authorities.
The area is one of eight available to bidders at two auctions in Rio de Janeiro on October 27.