Oil Mega Auction In October Approved – Government Could Collect BRL 106.561 Billion

Written by Paulo Nogueira

Published on 18/04/2019 at 16:38

Updated on 18/04/2019 at 17:02

Be the first to react!

The Areas of Atapu, Búzios, Itapu, and Sépia Will Be Auctioned on October 28, with Operators Offering the Highest Percentage of Oil to the Government Taking the Exploration Contracts for These Assets

For the winning oil companies of this mega auction taking place in October, a signing bonus of R$106.561 billion has been set, according to an official statement from Paulo Guedes this Wednesday (17) right after the meeting with members of the National Energy Policy Council (CNPE). This amount refers to a contract for the next 35 years for the auction winner and must be paid to the government at the time of the grant. In addition to this amount, companies will need to provide a minimum share of extracted oil to the government – between 19.82% and 27.65%.

The areas included in the auction scope are: Sépia, Itapu, Búzios, and Atapu, with those awarded being those that provide the highest share of oil to the Union.

ARTICLE CONTINUES BELOW

Oil Mega Auction In October Approved – Government Could Collect BRL 106.561 Billion

The Areas of Atapu, Búzios, Itapu, and Sépia Will Be Auctioned on October 28, with Operators Offering the Highest Percentage of Oil to the Government Taking the Exploration Contracts for These Assets

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

While Brazil maintains the weakest anti-aircraft shield in the G20 and procrastinates on the purchase of the A-Darter, the United States burned through 25% of the entire stock of the THAAD missile shield in a few weeks during the Iran war and is setting up a $9 billion factory in Alabama to rebuild.

The iPod is back in full force: young people are reviving Apple’s old device to escape digital distractions and control their own soundtrack.

Electric vehicle market soars 175% in just four months of 2026, and historic growth boosts automakers, expands charging infrastructure, and accelerates the technological race that is beginning to reshape the future of Brazilian transportation.

While Brazil has been dragging its feet on the Rio-São Paulo bullet train for 30 years, California has turned its own into a zombie project: 18 years, $126 billion, 60 viaducts completed, and zero meters of track laid, with Trump cutting $4 billion in July.

While Brazil has been discussing the Maracanã renovation for 25 years and struggles to keep the Arena MorumBis open, Abu Dhabi signs a $1.7 billion deal to build the world’s second Sphere on an artificial island, with 20,000 seats, by 2029.

Oil Mega Auction In October Approved – Government Could Collect BRL 106.561 Billion

The Areas of Atapu, Búzios, Itapu, and Sépia Will Be Auctioned on October 28, with Operators Offering the Highest Percentage of Oil to the Government Taking the Exploration Contracts for These Assets

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

Taller than the Statue of Liberty, thousands of wind turbines are being planted in the middle of U.S. fields, creating two-story farms where corn and soybeans grow below while the wind turns into electricity above.

Volkswagen trucks hit the track in a comparison between the Meteor 29.530, designed for operations up to 74 tons, and the Constellation 20.480, which relies on 480 horsepower for those seeking robustness in a 4×2 tractor unit.

Volkswagen trucks hit the track in a comparison between the Meteor 29.530, designed for operations up to 74 tons, and the Constellation 20.480, which relies on 480 horsepower for those seeking robustness in a 4×2 tractor unit.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

The iPod is back in full force: young people are reviving Apple’s old device to escape digital distractions and control their own soundtrack.

Electric vehicle market soars 175% in just four months of 2026, and historic growth boosts automakers, expands charging infrastructure, and accelerates the technological race that is beginning to reshape the future of Brazilian transportation.

While Brazil has been dragging its feet on the Rio-São Paulo bullet train for 30 years, California has turned its own into a zombie project: 18 years, $126 billion, 60 viaducts completed, and zero meters of track laid, with Trump cutting $4 billion in July.

While Brazil has been discussing the Maracanã renovation for 25 years and struggles to keep the Arena MorumBis open, Abu Dhabi signs a $1.7 billion deal to build the world’s second Sphere on an artificial island, with 20,000 seats, by 2029.