The company also plans to hold its 1st gas auction next year

PPSA estimates the sale of 78 million barrels of oil from the Government on June 25 of next year at B3 in São Paulo. The announcement was made this Thursday (5) by the company's Commercialization Superintendent, Guilherme França, during the PPSA Technical Forum, held at Prodigy Santos Dumont. According to França, the 5th Oil Auction of the Government will sell the production of the Government from the Mero, Búzios, Sépia, Itapu, and Norte de Carcará fields.

França also announced that the 1st Natural Gas Auction of the Government is scheduled to take place in the fourth quarter of 2025. “We are currently analyzing the hiring of the Integrated Offloading System (SIE) and the Integrated Processing System (SIP), which are necessary for the execution of the bidding process. These are complex agreements, and we are even evaluating the possibility of signing the agreement and making an assignment of rights in the processing. Whatever is more attractive for the Government,” he explained.

According to him, the estimate is that the Government will have up to 1.3 million cubic meters of natural gas available to offer to the market by 2027. These estimates do not take into account the yield factor of the UPGNs (Natural Gas Processing Unit), meaning that a portion of this gas will be converted into LPG (Liquefied Petroleum Gas) and liquids. The production is related to the sharing agreements for Búzios, Sapinhoá, Sépia, and Atapu, in addition to the Government's participation with non-contracted areas in the production unitization agreements for Tupi and Atapu.

Regarding the public notice for the 5th Oil Auction, França stated that the publication is expected to occur in March 2025. The largest volume of shipments will come from the Mero Field: 51.5 million barrels to be marketed over 12 months. The second-largest lot is from the Norte de Carcará field. The field is scheduled to start production in 2025, and the auction will commercialize 12 million barrels of the Government's production over 18 months. The Itapu (6.5 million) and Sépia (4.5 million) lots will also be for 18 months, while the Búzios (3.5 million) lots will be for 12 months.

The volumes are current estimates of the Government's share of oil in 2025 and 2026 in these fields and may be revised until the publication of the public notice for a more refined projection. When winning a lot, the buyer will have all the named cargoes available starting from July 2025 or January 2026, according to the agreement, even if the total amount is greater or less than the volume specified in the public notice. The cargoes marketed in the 4th Government Oil Auction for the year 2025 are not part of these volumes.

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