LatinNews Daily - 20 December 2021

* The Brazilian government has completed another oil auction, selling the exploration rights to two offshore blocks in the Santos basin for R$11.14bn (US$1.96bn). The deep-water pre-salt Sépia field was snapped up by a consortium made up of France’s TotalEnergies (28%), Malaysia’s state-owned Petronas (21%), and Qatar’s QatarEnergy (21%), and which Brazil’s state-owned Petrobras subsequently joined, exercising its preference rights to secure a 30% stake. The Atapu field was secured by Petrobras (52.5%), Royal Dutch Shell (25%), and Total (22.5%). Economy Minister Paulo Guedes deemed the auction a “great success”, highlighting the income that it generates for the government and seeing it as a sign of investor confidence in Brazil.

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