Insight
ExxonMobil dominates Brazil’s Round 14
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 6 images and tables including:
- 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:
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