Shell, ExxonMobil, Chevron, BP Energy, Petrogal, Statoil Are the New Lords of Brazilian Oil, Check How Much Each Received from the Share
The auctions of the pre-salt blocks offered in the 4th round of bids were successful and achieved new milestones in Brazil’s oil explorations. One of them was the lack of purchasing power of Petrobras, which ended up losing two rounds, but due to its right of preference, it adopted the strategy of entering into a consortium with other multinational operators, opening the market to surprising indices. See below which blocks were involved and how much each received from the share in the explorations.
Winning Companies and Blocks Auctioned
- Shell
- ExxonMobil
- BP Energy
- Petrogal
- Statoil
- Petrobras
Uirapuru Block – The companies that auctioned this block were Petrogal (14%), Statoil (28%), and ExxonMobil (28%). Since Petrobras was in one of the losing groups, it exercised its right of preference and is the main operator with a 30% stake.
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Two Brothers Block – Petrobras won 45% of this block, BP and Statoil are together with the state-owned company in the consortium for this acquisition. This was the least contested, and Petrobras led the bids.
Three Marias Block – Chevron and Shell led the bids, causing Petrobras to lose the dispute in the group it was in, and once again, the state-owned company had to exercise its right of preference. Therefore, Petrobras holds 30%, Chevron 30%, and Shell 40% (main operator).
Itaimbezinho – It was the least attractive among all the offered blocks and ended up not receiving any bids.
Unions Protested at the 4th Round of Pre-Salt Auctions
The category protested in front of the building where the event took place, claiming that this is another chapter in the privatization plan of Petrobras. Although the state-owned company secured stakes in the 3 contested blocks, their participatory percentages are said to be below what is reasonable. “The current management of Petrobras is selling to the international market oil that will be missed by Brazil. The delivery of this reserve is condemning future generations to not enjoy the wealth of this natural resource that we discovered and hold here in the country,” explained Simão Zanardi, general coordinator of FUP.

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