PPSA (Pré-Sal Petróleo) launched this Thursday (23) the process for the 5th Spot Oil Auction, scheduled for December 10, 2025. The auction will offer four 1-million-barrel cargoes of oil belonging to the Brazilian government, produced from the Bacalhau field, with shipments expected to take place between February and August 2026.

This will mark the first sale of government-owned oil from the Bacalhau field, which began production earlier in 2025. The prices offered will be referenced to Dated Brent and will only be disclosed during a meeting attended by all participants.

All companies already operating in the pre-salt area, as well as PRIO and Refinaria de Mataripe, will be invited to participate. This model has been adopted for spot cargo sales, with prices referenced to Dated Brent.

Click here to learn more about PPSA's 5th Spot Oil Auction.