Government abandons pre-salt area auction scheduled for 2026.

The federal government has decided not to hold the auction of Union-owned pre-salt areas that had not yet been contracted in 2026, the Minister of Planning and Budget, Bruno Moretti, announced this Friday (22). During a press conference on the update of fiscal projections, Moretti stated that the economic team has completely removed the expectation of R$ 31 billion in revenue from the auction this year. “For this fiscal year, in the midst of a war, in the midst of price fluctuations, it was not the best decision to put into practice an auction of these areas,” said the minister. According to Moretti, the loss of revenue was partially offset by the upward revision of revenue estimates from royalties and oil sales by Pré-Sal Petróleo SA.

This text was translated by machine from Brazilian Portuguese.