Portuguese 
Spanish 
Increase In Pre-Salt Production Generates R$ 5.7 Billion Extra For The Government In 2025. PPSA Prepares Restructuring And Creation Of A Directorate Dedicated To Natural Gas, Aiming For Production Expansion Until 2029.
The rise in pre-salt production has brought unexpected relief to public accounts. According to the latest bimonthly report from the Ministries of Finance and Planning, the government will have R$ 5.7 billion additional in 2025, resulting from the growth in oil royalty revenues.
Nevertheless, fiscal challenges remain. Despite the boost from the pre-salt, the budget freeze has risen to R$ 12.1 billion due to increased mandatory spending. Still, the influx of new revenues alleviates some pressure on the budget.
Auctions And Contracts Drive Revenue
This boost complements the increase of R$ 17.9 billion projected in July, when the government included in its calculations the holding of an auction in December for volumes yet to be contracted in the pre-salt. The direct sale of Union oil and the individual production agreement for the Jubarte field in the Campos Basin also played a role.
-
Brazil’s $8.5 Billion Auction Secures New Power Plants to Prevent Peak Hour Energy Shortages
-
Why Gasoline Prices Remain Stable: How Petrobras’ Subsidies and Pricing Policies Control Fuel Costs in Brazil
-
SpaceX Plans 13 km Pipeline to Reduce Truck Reliance and Speed Up Starship Rocket Launches in the U.S.
-
Petrobras Begins Drilling Controversial Oil Well in Brazil’s Equatorial Margin Near the Amazon River Mouth
It was precisely this movement that allowed the government, at the end of July, to reduce the spending freeze and release R$ 20.6 billion from the budget. Oil, once again, proves to be a strategic ally for public finances.
PPSA Aims For Expansion And Invests In Natural Gas
The growth in production also generates impacts within PPSA (Pré-Sal Petróleo S.A.), the state-owned company responsible for managing sharing contracts. The company is preparing a restructuring with the creation of a new directorate focused on natural gas, separating this function from the area currently responsible for the commercialization of Union oil.
The measure aligns with the government’s strategy, which is already planning an auction in 2026 to commercialize the portion of natural gas belonging to the Union. The expectation is to use this resource as a way to inject gas into the Brazilian market at more competitive prices.
According to PPSA, oil production under sharing contracts is expected to double between 2024 and 2029, increasing from 1 million to 2 million barrels per day. The highlight, however, is natural gas: extraction is expected to quintuple, reaching 16.8 million m³/day in the same period.
This leap will be made possible by the operation of at least six new platforms in the Búzios field, located in the Santos Basin. Petrobras, a central partner in the pre-salt, has been accelerating schedules to bring forward both production and the associated cash flow.
