On 7 June 2018, the consortium of Petrobras with 30% working interest, ExxonMobil with 28%, Statoil with 28%, and Petrogal with 14%, was granted a preliminary award of the Uirapuru block from the 4th PSC Pre-Salt Bid Round.Â  There were three other bids for the Santos Basin block by Petrobras led consortiums.   The Uirapuru block was the most contested block in the bid round with four bids and a first for the PSC bid rounds with a consortium without Petrobras winning the bid offering more state take than the Petrobras led consortium.Â Â  The consortium of ExxonMobil, Statoil, and Petrogal offered a state take of 75.49% while the Petrobras led consortium of Petrobras with 45%, Total with 20%, and BP with 35% bid 72.49% state take.Â  As a result Petrobras had to make a decision to join the winning consortium and take its minimum 30% working interest resulting in Petrobras as the operator with 30%, ExxonMobil with 28%, Statoil with 28%, and Petrogal with 14%.Â  There were two other bids by Petrobras led consortiums.Â  The third place bid was Petrobras 30%, Chevron 20%, Shell 30%, and QPI 20% who bid a state take of 72.05%.Â  The fourth place bid for the block was Petrobras with 30%, CNODC with 30%, and CNOOC with 40% that bid a state take of 68.15%.Â    The consortium will pay a fixed signing bonus of USD 736.11 million, at 1 USD to 3.60 BRL, and has estimated minimum investment guarantees of USD 68.33 million.  The Uirapuru block covers an area of 1,285.33 sq km and the minimum state take was set at 22.18% for the PSC contract.
the consortium of Petrobras with 30% working interest, ExxonMobil with 28%, Statoil with 28%, and Petrogal with 14%, was granted a preliminary award of the Uirapuru block from the 4th PSC Pre-Salt Bid Round.  