Insight
Brazil’s PSC Round 6: do the Majors have enough exposure to pre-salt acreage?
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Report summary
The results of the PSC 6 round were disappointing. Brazil’s 2019 roster of four auctions closed on 7 November, with US$1.25 billion raised in signature bonuses from the Aram block. Despite holding 40 billion barrels of unrisked in-place prospective resources, the blocks failed to garner enough interest to spark competitive bidding. Will this lackluster outcome increase pressure on the government to revamp its regulatory framework?
Table of contents
- Executive summary
- Too much risk after the dry Peroba well?
- Are companies now focusing on delivering value from these projects?
- Will the round outcome increase pressure on the government for reviewing the regulatory framework?
Tables and charts
This report includes the following images and tables:
- Operator diversity 21 years after the E&P market opening
- The Majors have been very active in Brazil rounds
What's included
This report contains:
