TotalEnergies won three lots in a Brazilian federal oil auction, acquiring a total of 4 million barrels of crude from the Búzios field. State‑controlled Petrobras secured one lot, amounting to 900,000 barrels from the Atapu field. The auction, held on Wednesday, left four additional lots unsold; those lots are slated for a follow‑up auction in September.
The auction was conducted by the state‑owned Petroleum Products Sales Agency (PPSA), which said the values from spot auctions will be disclosed 15 days after each cargo is shipped. The transaction follows Brazil's ongoing effort to commercialise its federal oil reserves through periodic auctions.
No further details on pricing were released at the time of reporting.
