PPSA

Federal Government receives R$ 917.32 million from Tupi redetermination

T&B Petroleum/Press Office PPSA
07/04/2026 12:40
Federal Government receives R$ 917.32 million from Tupi redetermination Imagem: Petrobras Agency Visualizações: 1649 (0) (0) (0) (0)

The Federal Government, represented by PPSA, received last Thursday (2) approximately R$ 917.32 million from Petrobras, Shell and Petrogral. The amount refers to the financial settlement of the first redetermination of the Shared Reservoir of Tupi, in the Santos Basin, as provided for in the Equalization of Expenditures and Volumes Agreement (AEGV). The financial compensation covers the expenses incurred and the revenues related to the volumes produced up to the effective date of this addendum to the AIP, in accordance with the current AEGV. Tupi is currently the second‑largest producing field in the country.

With the revision of the unitization agreement, the Federal Government’s share increased from 0.551% to 0.833%, with retroactive effects to December 1, 2025. With the redistribution, Petrobras’ participation in Tupi rose from 67.216% to 67.457%, Shell’s share was reduced from 23.024% to 22.650%, and Petrogal Brasil’s participation decreased from 9.209% to 9.060%.

The shared reservoir of Tupi encompasses areas under different contractual regimes, including:

  1. the Concession Contract (BM‑S‑11), operated by Petrobras (65%) in partnership with Shell (25%) and Petrogal (10%);

  2. the Tupi South Block of the Transfer of Rights Contract (Tupi South field), operated by Petrobras, which holds 100% participation; and

  3. the Uncontracted Area belonging to the Federal Government, represented by PPSA in the AIP, as provided for in Law 12.351/2010.

Most Read Today
see see
Energy Summit
Energy Summit 2026: Embrapii technologies strengthen Bra...
22/06/26
Energy Summit
Biodiesel and renewable fuels move to the center of the ...
22/06/26
Natural Gas
ANP extends public consultation on the calculation of th...
22/06/26
Rio de Janeiro
Firjan’s Oil Yearbook in Rio highlights that positive pr...
22/06/26
Biomethane
With a market five times larger since 2020, the biometha...
22/06/26
Petrobras
Petrobras approves investment in bio-jet fuel and renewa...
22/06/26
BOGE2026
Smart Control Gains Prominence at Bahia Oil & Gas Energy...
09/06/26
BOGE2026
Bahia Oil & Gas Energy Concludes Historic Edition and Se...
06/06/26
Branded Content
Boaventura Energy Complex drives Brazil’s energy future ...
06/06/26
BOGE2026
Mayekawa do Brasil present at Bahia Oil & Gas Energy
06/06/26
BOGE2026
Benel Marks Presence at Bahia Oil & Gas Energy and Annou...
02/06/26
BOGE2026
Bahiagás Highlights Bahia’s Leading Role in the Energy T...
30/05/26
Investments
Petrobras Announces Investments of More Than R$ 70 Billi...
30/05/26
BOGE2026
Oil States Reinforces Commitment to Innovation and Opera...
29/05/26
BOGE2026
PetroReconcavo Discusses the Future of Oil and Gas at Ba...
29/05/26
BOGE2026
Lumina Group Makes Its Presence Felt at Bahia Oil & Gas ...
29/05/26
BOGE2026
Bahia Brings Together Industry, Innovation, and Business...
28/05/26
Royalties
Amounts related to March production for concession and t...
28/05/26
BOGE2026
Oil & Gas Expansion Boosts Demand for Industrial Waste T...
28/05/26
BOGE2026
BRAVA Energia Marks Presence at Bahia Oil & Gas Energy 2...
27/05/26
IBP
Brazil Can Expand Its Prominence as a Global Energy Supp...
27/05/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.