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Petrobras auctions off all lots at Union oil auction

Petrobras won all the lots of the 3rd Auction of Petroleum of the Union this Friday (26). Among them is the main one, from the Mero Development Area, near the coast of Rio de Janeiro.

In addition to this area, exploration rights in the Búzios, Sapinhoá and Tupi fields were auctioned. All are part of the call pre-salt, and the auction was carried out by Pre-Salt Petróleo, the arm of the Union that manages activities involving the pre-salt.

The expectation is that around 55 million barrels of oil will be produced and sold at the end of the exploration periods, with a potential collection of around R$ 26 billion, but the real value could be lower or higher.

The batch in the Búzios field will allow exploration for 36 months, at a premium of R$65 per m³. The forecast is for production of 6.6 million barrels.

The one in Sapinhoá will allow exploration for 36 months, at a premium of R$7.35 per m³. The forecast is for production of 2.4 million barrels.

The Tupi project will also allow exploration for 36 months, at a premium of R$ 3.35 per m³. The forecast is for production of 3.3 million barrels.

The Mero Area will be explored for 36 months, with the prospect of producing around 43.3 million barrels. The goodwill was R$52 per m³. Contracts start from January 2022.

Four companies were qualified to participate in the auction: Petrobras, CNODC Brasil Petróleo e Gás – owned by the National Oil Corporation of China –, Petrogal – a joint venture between the Portuguese company Galp and the Chinese Sinopec – and TotalEnergies EP Brasil, the arm of the French company. Name.

The auction was streamed live on YouTube from B3, the company responsible for the Brazilian stock exchange. The rules were determined in a notice published by Ministry of Mines and Energy.

Reference: CNN Brasil

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