Economy

Largest pre-salt auction ends with seven of the 13 blocks cast off

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 07/10/2026, 16:24:24 UTC.

Briefings

The 4th Cycle of the Permanent Production Sharing Auction concluded on October 7, 2026, in Rio de Janeiro, where seven of 13 offered blocks were won. The Brazilian government secured R$530 million in signing bonuses, totaling R$1.24 billion if all blocks were acquired. Petrobras and Prio (formerly PetroRio) each won two blocks, while Equinor and Galp won two blocks in a consortium. All seven winning areas are located in the Santos and Campos basins, with a 58% increase in exploratory area reaching 39.2 million km². The auction involved 19 licensed companies, with only six submitting bids, resulting in no competitive bidding for any block. Contracts are scheduled for signing by February 26, 2027.

Key points

• Seven of the 13 offered blocks were won in the 4th Cycle of the Permanent Production Sharing Auction, with all winning areas located in the Santos and Campos basins.
• The Brazilian government secured R$530 million in signing bonuses, representing a 58% increase in exploratory area to 39.2 million km².

Context and limitations

Data covers only the October 7, 2026 auction cycle; future cycles are not included. Specific contract signing dates are projected rather than confirmed. Some company names and consortium details are inferred from bidding percentages.

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