"Published January 10, 2013
Dow Jones Newswires
Brazil's President Dilma Rousseff on Thursday signed off on plans to hold a new oil and gas exploration licensing round, which will probably be held by May, or earlier if possible, Mines and Energy Minister Edison Lobao told reporters.
The minister said this 11th round, the first license auction to be held since 2008, will include some 164 blocks, of which half are offshore and half are onshore."
This is very good news for TID. The new licenses after 5 years will certainly boost the demand for oil services.