Pré-Sal Petróleo (PPSA), a company linked to the Ministry of Mines and Energy, raised R$ 10.32 billion in 2024 with the commercialization of the Union’s oil and natural gas shares in five production sharing contracts and in the individualization of production in the Tupi Field. According to the company, the value is around 71% higher than that collected in 2023 (R$ 6.02 billion) and reflects the increase in production in contracts, in addition to the success obtained in the competitive processes for the commercialization of oil and Union gas carried out by PPSA since 2021. All resources collected are directed to the National Treasury.
In 2024, 56 cargoes of oil were shipped from the Union, totaling 27.39 million barrels, 43 cargoes from the Mero field, six from Búzios, three from Sépia, two from the Sapinhoá area, one from Tupi and one from Atapu. With the exception of the Sépia and Atapu cargoes, which were sold through direct sales processes, the others refer to long-term contracts, the result of an auction held by PPSA on the B3 exchange in 2021, which won Petrobras. In 2024, a total volume of 53.8 million cubic meters of natural gas was also sold to Petrobras.
In December 2024, the company also reached a new record, raising R$2 billion for the Union through sales. Until then, the record was the result obtained in August 2024, with R$1.4 billion.
According to PPSA’s Director of Administration, Finance and Marketing, Samir Awad, this result represents the beginning of a new performance curve for the company, which will see increasing revenues in the coming years. “In 2030, when the nine commercial sharing contracts we have today reach peak production, the Union’s share will be 543 thousand barrels per day, with estimated revenue of R$69 billion. By 2034, projections indicate accumulated revenue of R$506 billion for the Union,” he said.
