SAO PAULO, June 26 (Reuters) - Brazil held a highly
anticipated auction for oil from its pre-salt region on
Thursday, with state-run Petrobras emerging as the
big winner in the sale set to bring in revenues of 28 billion
reais ($5.08 billion).
The amount exceeded initial
government forecasts
of 25 billion reais and should provide a boost to public
coffers as President Luiz Inacio Lula da Silva's administration
seeks to meet its fiscal targets.
The auction was held by state-run firm PPSA, which is
responsible for selling the portion of oil that companies
producing under sharing contracts in pre-salt oilfields must
hand over to the government under Brazilian law.
Petrobras acquired three of the seven lots put up
for sale, securing a total of 36.5 million barrels of oil from
the Mero and Sepia fields.
Equinor ( EQNR ) bought 14 million barrels of oil from
Mero, while a consortium between Galp and ExxonMobil ( XOM )
purchased another 14 million. Petrochina
along with the Mataripe refinery secured 10 million barrels.
"It was our auction with the highest number of participants
and winners, the best prices, and we broke the record for
premium over the lots. It was a great success, without a doubt,"
PPSA head Luis Fernando Paroli told reporters.
He added that PPSA expects to hold auctions for 100 million
barrels of oil next year, potentially generating 37 billion
reais in revenue.
($1 = 5.5117 reais)