Insight

ExxonMobil dominates Brazil’s Round 14

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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.

What's included

This report contains

  • Document

    Charts and tables_Brazil_14th_round.xls

    XLS 234.00 KB

  • Document

    ExxonMobil dominates Brazil’s Round 14

    ZIP 654.43 KB

  • Document

    ExxonMobil dominates Brazil’s Round 14

    ZIP 654.43 KB

Table of contents

    • 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 6 images and tables including:

Tables

  • Acreage by operator
  • Blocks won by operator
  • The ten most expensive blocks

Images

  • Licensed acreage by company and financial commitment
  • 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

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