Coverage sponsorship

Samir Awad, Director of Administration, Finance, and Marketing at Pré-Sal Petróleo S.A. (PPSA), announced during a presentation at the Brazil Pavilion at OTC Houston, this Tuesday (May 6), a revision to the volumes that will be offered in Brazil’s 5th Federal Oil Auction. The number has increased from the initially announced 75.5 million barrels of oil, published in the preliminary auction notice, to 78.5 million barrels.

According to Awad, the change is mainly due to greater cargo availability from the Mero field. The auction will take place on June 26, at B3 in São Paulo. It will be divided into eight lots, offering oil cargos from the Federal Government’s share of production under Production Sharing Agreements in the Mero, Búzios, Sépia, Itapu, and Bacalhau fields, with shipments scheduled over the next two years.

The final auction notice will be published on PPSA’s official website by May 16, reflecting the updated volume table. Responses to comments submitted regarding the preliminary notice are also available on the company’s website.

Also part of OTC Houston’s technical program, on Monday (May 5), PPSA’s Technical Director, Tabita Loureiro, participated as a panelist in “Setting the Scene in Brazil: An Anticipation of What Is Coming”. Tabita stated that in addition to the oil auction, PPSA may hold two more auctions in 2025: the 1st Federal Natural Gas Auction and another to commercialize the entire projected production curve of the Federal Government’s share in uncontracted areas of Mero, Atapu, and Tupi — currently part of unitized accumulations. “We are working to hold all of these auctions this year. The structure of the auction for uncontracted areas is being developed by the government, while the gas auction depends on the conclusion of negotiations with Petrobras for access to the gas transportation system,” she explained.

The panel also featured Francisco Francilmar (PRIO), Idarilho Nascimento (ABIMAQ), Maurício Almeida (Sinaval), Renata Baruzzi (Petrobras), and was moderated by Carlos Mastrangelo (Brava Energia). Discussions focused on the key challenges and opportunities for Brazil’s oil and gas sector in the coming years.

OTC Houston runs through May 8, with an extensive technical program. PPSA maintains an institutional presence at the Brazil Pavilion, reinforcing its strategic role in managing production sharing contracts and marketing the Federal Government’s oil and gas share.

More Information:

Learn more about the 5th Federal Oil Auction at: www.presalpetroleo.gov.br/5o-leilao

Date: June 26, 2025
Location: B3, São Paulo
Volume: 78.5 million barrels of Federal Government oil from the Mero, Búzios, Itapu, Sépia, and Bacalhau fields

Check the full PPSA/Federal Government Production Portfolio [here].