PPSA publishes minimum price limits for this week’s oil auction

by Andrea
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PPSA (pre-salt oil), a state-owned company responsible for representing the union in production sharing contracts, defined on Tuesday (24) the minimum price limit for the lots of its next oil auction on Thursday, which will offer 74.5 million barrels.

Of the total supply, four lots of Campo de Mero will be made available (three with 14 million barrels each and one with 17.5 million barrels), in ceremony on the São Paulo B3 scholarship.

Also offered a lot of oil from the field of Buzios (3.5 million barrels), one with oil from the Itapu Campo (6.5 million barrels) and a sepia field lot (5 million barrels).

The charges offered are expected to be charged between July 2025 and February 2027.

The lots of mere will have as a minimum limit the value of Brent dated-an international reference published daily on Platts-less $ 3.03/barrel, the PPSA said in a statement on Tuesday.

The Buzios batch will have a minimum price equal to the value of Brent dated $ 3.23, while the Itapu lot will be dated $ 2.73/barrel, and sepia, Brent dated $ 4.13/barrel.

In the last auction, in July of last year, considered the most competitive ever held, PPSA raised estimated R $ 17 billion by selling 37.5 million barrels of pre-salt oil in the fields of Buzios and Mero.

They are qualified to participate in the auction, individually or in groups, the following companies: CNOOC, Equinor, Exxonmobil, Galp, Petrobras, Petrochina, Prio, Mataripe Refinery (Acfress), Shell and Totalenergies.

The amounts collected in the auction, according to PPSA, will be deposited directly in the single account of the National Treasury.

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