PPSA Auction of Non-Contracted Areas – Results

Today, December 4th, Pré-Sal Petróleo S.A. (PPSA) held the Auction of Non-Contracted Areas at B3 (Brazilian Stock Exchange) to offer the Federal Government’s entire interest in the Shared Deposits of 𝗠𝗲𝗿𝗼, 𝗔𝘁𝗮𝗽𝘂 and 𝗧𝘂𝗽𝗶, corresponding to the non-contracted areas located within the 𝗣𝗿𝗲-𝗦𝗮𝗹𝘁 𝗣𝗼𝗹𝘆𝗴𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗦𝗮𝗻𝘁𝗼𝘀 𝗯𝗮𝘀𝗶𝗻. These non-contracted areas represent a total of 3.5% in Mero, 0.833% in Tupi and 0.95% in Atapu, with total minimum value of R$ 10.2 billion.

A consortium formed by Petrobras and Shell secured Mero and Atapu shares for approximately R$ 8.8 billion. Mero was acquired for R$ 7.791 billion, while Atapu was acquired for R$ 1 billion. Tupi didn’t receive any offers.