WORLD · VERIFIED DEVELOPMENT
Brazil's Largest Pre-Salt Auction Awards 7 of 13 Blocks
WHY IT MATTERS
The auction expands the exploration area under the production-sharing regime by 58 percent, with the winning companies committing to minimum investments totaling approximately BRL 778.4 million.
What happened
Brazil's largest auction of oil and gas exploration and production blocks in the Pre-Salt Polygon ended with seven of the 13 blocks awarded. The auction brought in BRL 530 million in signing bonuses for the government.
Petrobras and Prio secured two blocks each, while Norway's Equinor and a consortium with Portugal's Galp secured two blocks. The winning companies must now follow the remaining steps outlined in the schedule to sign contracts.
The Turmalina, Larimar, Aragonita, Opala, Granada, and Cerussita blocks were not awarded and will be carried over to the next bidding round.
PRIMARY SOURCES
Brazil’s largest pre-salt auction awards 7 of 13 blocks
Agencia Brasil · Bruno de Freitas Moura · EBC/Agencia Brasil source terms; facts used for an original brief with link and attribution; images excluded
CORRECTIONS & UPDATES
- Revision 1 · Initial ingestion · Oct 8, 2026, 12:00 AM
- Revision 2 · Source update detected · Oct 8, 2026, 12:00 AM