PPSA will auction, in December, the Union’s first oil production from the Bacalhau field

Spot Auction will offer 4 million barrels with shipment scheduled between February and August 2026

Oct. 23 – PPSA (Pre-Salt Oil) began the process for holding the 5th Spot Oil Auction, scheduled for December 10, 2025. The event foresees the commercialization of four loads of 1 million barrels of oil from the Union each, coming from the Bacalhau field, with shipment scheduled between February and August 2026.

This will be the Union’s first sale of oil from the Bacalhau field, which began production on the 15th. The prices offered will be referenced by dated Brent and will only be disclosed at a meeting attended by all participants.

All companies currently operating in the pre-salt layer, in addition to PRIO and the Mataripe Refinery, will be invited to participate. This model has been adopted for spot cargo trading, and prices offered will be referenced to dated Brent crude.

Click here to learn more about PPSA’s 5th Spot Oil Auction.