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

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    Charts and tables_Brazil_14th_round.xls

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    ExxonMobil dominates Brazil’s Round 14

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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:


  • 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


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

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