Petrobras intends to use part of the resources it will receive in the form of reimbursement for investments already made in Sépia and Atapu to pay off bids for the auction of the two areas in the pre-salt, won by a consortium this Friday in the 2nd auction of the transfer of rights surplus , the president of the state company, Joaquim Silva e Luna, told Reuters.
The company is expected to receive $6.45 billion for previous investments, while it will have to pay BRL 4.2 billion in signing bonuses.
“Everything was already in our planning… Petrobras, with the compensation it will receive from the partners, will not pay anything. It still wins,” stated the executive.
The two areas auctioned may, according to Luna, help the company’s production to take a leap in the coming years. “It will definitely happen further down the road,” he said, not estimating a time frame.
In this Friday’s auction, the state-owned company had to use its legal preemptive right to be the operator with 30% of the Sepia field.
The consortium comprising TotalEnergies, Petronas and Qatar Petróleo won the Sépia block, with a profit oil offer of 37.43%, against a minimum percentage of 15.02%, beating Petrobras’ offer of 30.30%.
After the announcement of the winning proposal, Petrobras exercised its right to act as operator, with a 30% stake in the winning consortium. With that, TotalEnergies will have 28%, Petronas 21% and Qatar 21%.
Luna celebrated the result even though she had to use the right of preference.
“The result was very good. We entered the auction to win. Even though we had to use our preemptive right,” he said.
For Atapu, in turn, the consortium formed by Petrobras as operator and 52.5% stake, in partnership with Shell (25%) and TotalEnergies (22.5%), made the only offer and won the asset, with an offer of oil profit of 31.68%, compared to a minimum percentage of 5.89%.
Upon auctioning the block, the consortium will pay a R$4 billion signature bonus to the Union.
According to the retired general, being present in the two auctioned areas was strategic for the company’s production ambitions.
“As defined in our strategic plan, we are going to invest heavily in the pre-salt, where we have expertise, lower production costs and oil with low sulfur content,” he added.
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