Transfer of Rights Auction Results – Sepia and Atapu

The winning bids for the Transfer of Rights auction, blocks Sepia and Atapu, are as follows:

SEPIA – Consortium formed by TotalEnergies (28%), Petronas (21%) and QP Brasil (21%), made an offer of 37.43% of surplus oil to the Union. The bid exceeded the proposal presented by Petrobras (100%), which alone offered 30.30% of excess oil. The Brazilian state-owned company, which had already expressed its interest in being the operator of the Sepia field surplus contract, exercised its right of preference and joined the consortium as operator, with a 30% stake. The signing bonus is R$7.138 billion.

ATAPU – Consortium formed by the companies Petrobrás (52.5% and operation), Shell (25%) and TotalEnergies (22.5%). The group was the only one to present a bid for this area. The companies offered a percentage of 31.68% for the field, a premium of 437.86%. Signing bonus R$ 4.002 billion.