Oil major BP PLC (BP.LN) said Wednesday it and partners Total SA (TOT), Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency's 11th bid round.

MAIN FACTS:

-Companies have committed to explore concession blocks FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125, and FAZ-M-127 in the Foz do Amazonas basin, BAR-M-346 in the Barreirinhas basin, and POT-M-764 in the Potiguar basin, for oil and gas resources, with the right to develop any commercial discoveries under the Brazilian concession regime.

-BP will be operator with a 70% stake in block FZA-M-59, and in block BAR-M-346, with a 50% stake.

-BP and its partners now expect to work with the ANP to finalize the awards.

-Signing of the contracts is expected to take place in August.

-BP Shares at 1020 GMT down 0.03% at 468 pence valuing the company at 89.33 billion pounds.
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