An auction for rights to tap into the oil basins off the coast of Brazil highlights the country’s prospects for those with deep enough pockets, analysis found. Brazil on Thursday held its fourth auction for the rights to bid on four areas outlined in the 1,634-square-mile offering. Three of the areas were snatched up in what turned out to be a record-setting bidding round for Brazil. “Brazil continues to represent a key investment for ExxonMobil, and we look forward to exploring and developing its world-class resources with our co-venturers and the government,” Steve Greenlee, the president of Exxon Mobil’s exploration division, said in a statement. Exxon has a stake in 25 select areas off the coast […]