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Brazil To Auction Vast Offshore Oil Field In October

By Jake Simpson (May 23, 2013, 2:57 PM EDT) -- Brazil has moved up a planned auction for the vast Libra offshore pre-salt field, which could hold up to 15 billion barrels of recoverable oil, to October and will auction the field as "basically one giant block," the director of the country's National Petroleum Agency, known as ANP, said Thursday....

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