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Two of the exploration areas were beyond the cease-fire line.
The deep-sea field, called Libra, is believed to be one of Brazil's most promising exploration areas.
Norsk Hydro, Norway's largest publicly traded company, is selling the assets to focus on Angola and other promising deep-water exploration areas.
The process will begin in earnest in mid-July with an initial auction of 14 oil exploration areas in the Gulf of Mexico.
This illustrates an industrywide problem: an inability to tap into the world's richest oil exploration areas in the Middle East and Venezuela because of political barriers.
Washington will also want to encourage access to new exploration areas to ensure investment can produce the supply to meet growing demand.
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The proposed exploration area is off the coasts of Alabama, Mississippi and Louisiana, whose representatives have backed drilling.
Not so long ago, the deep waters of the Gulf of Mexico were considered a fertile exploration area.
One is the spatial pattern of the holes in an exploration area.
Prior to her becoming CEO, her entire career was spent in the production and exploration area.
Xihu Depression is a relatively new petroleum exploration area in East China Sea Basin.
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