Petrobras, TotalEnergies emerge as winners of Brazil's PPSA spot oil auction

Petroleo Brasileiro SA Petrobras

27/08/2026 20:03

BELO HORIZONTE, Aug 27 (Reuters) - Brazilian state-run oil company PPSA sold 4.9 million barrels of oil in a spot auction held on Wednesday, the firm said on Thursday, with Petrobras PETR3.SA and TotalEnergies TTEF.PA emerging as the winners of the offer.
TotalEnergies won three lots of the auction, totaling 4 million barrels, from Buzios field, while Petrobras took one lot of 900,000 barrels from Atapu field. Four other lots offered were not sold and are set to be auctioned again in September.


 (Reporting by Marta Nogueira; Writing by Fernando Cardoso)
 ((fernando.cardoso@thomsonreuters.com;))