Brazil's presidential palace
Take two for Brazilian bidding round
The auctioning process for the Transfer of Rights fields has been streamlined, and hopes are high for a better showing at the end of the year
The Brazilian government has revised its guidelines for surplus oil volumes in the so-called Transfer of Rights process, part of a new push to auction acreage at the Sepia and Atapu fields in the Santos basin. The new sale could unlock up to BRL200bn ($40.27bn) in life-of-field investments across the two projects and has been rescheduled for December. Brazil hopes to attract a large number of interested parties after failing to offload two of the four fields during the first auction in November 2019. Learning lessons from the past auction has been crucial for the government, especially with energy transition ambitions starting to accelerate. Compensation rules were previously obscure and for
Also in this section
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
