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More than 55 million barrels of oil from the Union are auctioned
Pre-Salt Petróleo estimates to raise about US$ 116 billion, between 2022 and 2031.
APré-Sal Petróleo, a company linked to the Ministry of Mines and Energy, held an auction to sell more than 55 million barrels of oil from the Búzios, Sapinhoá and Tupi fields and the Mero Development Area. Petrobras won all the lots auctioned on the B3, formerly the São Paulo Stock Exchange.
The largest cargo sold is from the Mero Development Area. Next, there are lots of surpluses from the Transfer of Rights in Búzios, Tupi and Sapinhoá. For the event, six companies were eligible to participate, but only three submitted bids during the auction, Petrobras, TotalEnergies and CNODC.
The commercialization and production contracts are valid for three years and should generate around R$ 25 billion in the period. "I, representing the Federal Government and PPSA [Pré-Sal Petróleo] here, am very happy with the result of the event, all these assets, having been removed in the first stage, with a premium, represent an excellent result for Brazil, especially for Brazilian society, in terms of the results that this represents”, highlighted the CEO of Pré-Sal Petróleo, José Eduardo Vinhaes Gerk.
The forecast is that the four contracts between the Union and Petrobras will be signed within three weeks.
oil production
According to data presented by the director-president of PPSA, from 2022 to 2031 oil production in the Brazilian pre-salt layer should reach the mark of 8.2 billion barrels of accumulated oil equivalent, of which 1.5 billion are from the Unity.
“We have a forecast for the sale of oil in the Union until 2031 of 1.5 billion barrels. Today we are here bidding on 55 million. There is a lot to come”, completed the PPSA CEO in his speech.
Pre-Salt Petróleo estimates to raise about US$ 116 billion, between 2022 and 2031, with the sale of oil barrels that the Union will be entitled to in the Production Sharing contracts.
Energy, Minerals and Fuels
Tags: Pre-Salt OilMinistry of Mines and Energy


Mr. Alessandro Jacob speaking about Brazilian Law on "International Bar Association" conference

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