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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
