By Brazil Stock Guide – Brazil’s National Council for Energy Policy (CNPE) approved a resolution on Wednesday authorizing state-run Pré-Sal Petróleo S.A. (PPSA) to auction government rights in the massive pre-salt oil fields of Mero, Atapu and Tupi. The auction could generate 14.8 billion reais ($2.7 billion) in revenue for the federal budget in 2025.
The measure marks the first time the federal government will transfer its rights and obligations under production individualization agreements to private investors. The CNPE set technical and economic benchmarks for the bidding, including minimum offer prices, reported Valor Econômico, .
“This is the first time the Union transfers rights and obligations of Production Individualization Agreements. And it does so transparently, with clear rules and parameters defined by CNPE,” Energy and Mines Minister Alexandre Silveira said in a statement. “With this decision, we strengthen governance over pre-salt resources, increase transparency in the bidding process and ensure greater efficiency in managing strategic Union assets.”
PPSA will conduct the auction and publish the minimum bid values in an upcoming notice. The areas are already operated by international majors including Petrobras (PETR4.SA), raising expectations for strong private-sector interest.