B3 (B3SA3) plans to conduct auctions for the sale of oil and natural gas, according to a schedule prepared jointly by Pré-Sal and the Ministry of Mines and Energy.
Over the next three years, the Stock Exchange based in São Paulo will be responsible for these auctions, involving the portions of oil and natural gas belonging to the Union in production sharing contracts and in the Tupi Unitized Deposit.
This initiative, coordinated by Pré-Sal Petróleo (PPSA), a public entity linked to the Ministry of Mines and Energy, aims to efficiently manage the country’s energy resources.
B3 (B3SA3)
The auction calendar is being prepared jointly by PPSA and MME, with the aim of providing greater predictability to the market.
The first two auctions for the sale of the Union’s oil are scheduled for July this year and April 2025, respectively.
The other oil auctions are scheduled to start in the fourth quarter of 2025, while an exclusive auction for gas is still in the evaluation phase, with no set date.
Mines and Energy
According to the Minister of Mines and Energy, Alexandre Silveira, resources from the Union’s oil and gas play a fundamental role in financing investments in areas such as health, education and the transition to more sustainable energy sources, through the Fund Social.
Tabita Loureiro, technical director and interim president of PPSA, announced that the July auction will focus on cargoes from Mero and Búzios from 2025, whose sales contracts expire this year. The notice containing all the necessary information for interested parties will be released this May, with the auction scheduled for July 31st. Loureiro is currently in Houston, Texas, where she will participate in the Offshore Technology Conference (OTC) next Wednesday (8).
She also highlighted that the volumes of oil made available in each auction are being determined, aiming to offer predictability to buyers and promote greater competitiveness and favorable results for the Union. Defining auction dates will facilitate logistical planning for the transportation of oil produced in maritime units .
Logistics
Samir Awad, director of Administration, Finance and Marketing at PPSA, highlighted the importance of logistical planning for the Union’s growing oil production in the coming years, highlighting the need for suitable ships to transport production, which could exceed 500 thousand barrels per day in 2029.
A significant increase in the Union’s oil and natural gas production is expected in the coming years. Oil production is expected to more than double, from 50,000 barrels per day to 564,000 barrels per day by 2029, while natural gas production will also show significant growth, reaching 3.5 million cubic meters per day by the same year.
Furthermore, PPSA has previously held three oil auctions on B3, with positive results. Since then, the Union has also started to rely on oil production in Sépia and Atapu, which are being sold through direct market consultation.
(With Agência Brasil).
