Insight
ExxonMobil dominates Brazil’s Round 14
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ExxonMobil leveraged Brazil’s Round 14 to dramatically expand its offshore position, redefining the upstream landscape in Brazil while simultaneously closing a gap in its global portfolio by gaining access to the pre-salt. For Brazil, the round was a success for a cash-strapped government, with signature bonuses far exceeding expectations thanks to strong bidding in the Campos basin. In this insight, we analyze the outcomes of the successful round.
Table of contents
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The Campos basin dominated the round
- ExxonMobil and Petrobras dominated the round, with Murphy a new entrant and QGEP expanding
- ExxonMobil forges partnership with Petrobras to lock up pre-salt acreage in Campos basin
- PSC versus concession regime
- ExxonMobil also takes the lead in the Sergipe-Alagoas basin
- Onshore blocks show low attractiveness
- Latest changes to the regulatory framework aimed to improve the round’s success
- Conclusion
- Appendix
Tables and charts
This report includes the following images and tables:
- Acreage by operator
- Licensed acreage by company and financial commitment
- Blocks won by operator
- The ten most expensive blocks
- ExxonMobil now in the top five offshore exploration acreage holders
- Campos basin blocks ExxonMobil entered: pre-salt potential just outside the PSC pre-salt polygon
What's included
This report contains:
