Petrobras reports that it has received R $ 1.65 billion from its partners in the Sépia and Atapu blocks - TotalEnergies EP Brasil Ltda (28%), PETRONAS Petróleo Brasil Ltda (21%) and QatarEnergy Brasil Ltda (21%), in Sépia; and Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda (22.5%), in Atapu.
This payment refers to the complement of the firm compensation ( earnout ) for the 2025 fiscal year. In accordance with Decree No. 08 of April 19, 2021, from the Ministry of Mines and Energy (MME) and the bidding rules for the 2nd round of auctions for the Surplus of the Onerous Assignment under the Production Sharing regime, held on December 17, 2021, earnout values were established for the Sépia and Atapu blocks, which will be due between 2022 and 2032, and payable from the last business day of January of the year following the year in which the price of Brent crude oil reaches an annual average of over US$40/bbl, limited to US$70/bbl.
Source: Petrobras
