Exxon may not be interested in stepping up to the bidding plate at Brazil’s massive $50 billion transfer of rights auction next week, because the oilfields up for grabs come with a hefty price tag, Exxon’s president of exploration, Stephen Greenlee said in an interview with Bloomberg. Exxon, Greenlee explained, already holds licenses offshore Brazil , but when it bought those rights, the assets were far less expensive than what the Buzios oilfield is expected to go for this time around. “Whether or not we participate, it would be wrapped up in how we would see that opportunity versus all the other investment options, because there are a lot of investment options out there right now,” Greenlee said, adding that Exxon wasn’t the only oil company with reservations about the high price tag. Already Total SA, Repsol , and BP Plc have said they are not interested. No doubt, […]