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The sale was concluded after a bidding round in which at least 80 firms competed.
The scheme was financed through the Housing Corporation's annual bidding round.
Peru has announced a bidding round for new oil and gas concessions but, contrary to what was initially expected, none of them are in the Amazon rainforest.
In addition, Tees valley will have access to the local growth fund and will benefit from new enterprise zones, subject to the current bidding round.
Reliance and Petroleos del Peru, known as Petroperu, may also take part in Peru's 22-block bidding round in September, Petroperu's chief executive, César Gutiérrez, said.
After a four-hour break following the first bidding round, The Associated Press reported that Cuban's group put a $355 million cash offer — only a portion of the its total bid — on the table just two hours before midnight.
Similar(39)
The government is dividing the new titles into separate bidding rounds over the next 10 months.
The two plan to participate together and separately in future bidding rounds for access to Brazilian reserves, Repsol said.
The first is the world recession and the fall in the oil price factors that lay behind disappointing bidding rounds in Algeria and Iraq earlier this year.
6) Two bidding rounds.
Participants know each other's bids and can adjust accordingly as multiple bidding rounds proceed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com