Pré-Sal Petróleo S.A. (PPSA) is a Brazilian state-owned company that represents the federal government in oil and gas projects under production sharing contracts in the country’s pre-salt and other strategic areas, notably in the Santos and Campos basins. PPSA does not operate fields; instead, it manages contracts and commercializes the government’s share of hydrocarbons produced, acting as the state’s interface with operating companies.
Its core responsibilities include negotiating and administering production sharing agreements, overseeing measurement and allocation of oil and gas, auditing costs and local content, coordinating unitization agreements, and ensuring regulatory and contractual compliance. PPSA also organizes the marketing and sale of the government’s crude and natural gas, contributing to transparent revenue collection and governance of Brazil’s pre-salt resources. Through these functions, the company helps structure partnerships and monetization routes for large deepwater developments while safeguarding public interests in one of the world’s most significant offshore energy provinces.