UPDATE 1-Venezuela receives two bids for Carabobo oil-Chavez

Fri Jan 29, 2010 2:09pm EST

* Chavez confirms two bids for Carabobo blocks

* Official results of auction to be presented Feb 10 (Adds Chavez comment, background)

CARACAS Jan 29 (Reuters) - Venezuela received two bids in the Carabobo auction of three projects in its vast Orinoco heavy crude belt, President Hugo Chavez said on Friday.

"Yesterday in fact, two offers were received, two were received for three projects," Chavez said during a speech to students. "A group of companies from different parts of the world, from India to China, Europe etc."

The Carabobo auction presents global oil giants with a major opportunity to gain access to what the U.S. Geological Survey recently called one of the world's largest reserves of crude oil.

Official results of the auction will be presented on Feb 10. Sources say Venezuela received bids for all three projects from companies including majors Chevron (CVX.N) and Repsol (REP.MC) along with national oil companies such as India's ONGC (ONGC.BO) and Malaysia's Petronas (PETR.KL). [ID:nN28120832]

Those sources said other strategic partners including China's CNPC and Russian firms such as Lukoil (LKOH.MM) and Gazprom (GAZP.MM) did not present bids.

(Reporting by Brian Ellsworth; Writing by Frank Jack Daniel; Editing by David Gregorio)

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