Overview

• The resolution empowers PPSA to auction the Union’s rights and obligations under Production Individualization Agreements for the three shared pre‑salt reservoirs.
• CNPE set technical and economic parameters for the sale, including minimum bid levels to guide the process.
• The winning investor will take on continuity of operations, decommissioning, environmental remediation and safety compliance responsibilities.
• The government projects R$ 14.8 billion in 2025 revenue from the auction, a figure already included in its bimonthly fiscal report.
• A date for the auction was not disclosed, and PPSA will detail terms and minimum offers in the forthcoming notice under conditions aligned with existing operator contracts.