5th Auction of Brazilian Government Oil: Tender Protocol and Draft Agreement
By EsqSocial Corporation 14/04/25
On April 2, 2025, Pré-Sal Petróleo S.A. (“PPSA”) published the Draft Tender Protocol of the 5th Auction (“5th Auction”) for the sale of national oil from the Mero, Búzios, Sépia, Itapu e Bacalhau fields (“Draft Tender Protocol”). The Draft Tender Protocol aims to establish the rules and procedures for participation in the 5th Auction, to be held on June 26, 2025 at São Paulo Stock Exchange (B3), and provide the draft of the Crude Oil Purchase and Sale Agreement (the “Agreement”) to be executed...
By: Mayer Brown