Pré-Sal Petróleo S.A. (PPSA) is a Brazilian state-owned company linked to the Ministry of Mines and Energy that manages the federal government’s interests in oil and natural gas developed under the production sharing regime in Brazil’s pre-salt areas. Established to support the regulatory framework for ultra-deepwater resources, PPSA operates primarily in the Santos and Campos basins.
PPSA represents the Union in production sharing contracts, administers and oversees contract execution, coordinates unitization agreements, monitors costs and production, and ensures adherence to approved development plans. The company also markets and sells the government’s share of oil and natural gas. PPSA does not explore for or produce hydrocarbons itself and is not an operator; those activities are carried out by contracted consortia. Its role focuses on governance, transparency, and value maximization for the Brazilian state in pre-salt projects.
chemXplore tracks 5 projects involving PPSA, of which 3 are active.
PPSA's role on them: Owner and Investor / Financier.
3 new construction.
1 of the active projects carry no start-up date yet.
Contractors and licensors are recorded on 2 of these 3 projects For subscribers
Targeting: Crude oil (3), Natural gas (3), Carbon dioxide (2)
225,000 bbl/d oil capacity and 12 million m³/d gas processing; first of a six-platform series; P-80 and P-82 due to start production in 2027.
Two pre-salt platforms bound for the Búzios field will sail to Brazil for 2027 start-up; each can produce 225,000 b/d and treat 12 million m³/d of gas.
July average exports reached 10.8 million m³/d; daily peak hit 14.1 million m³ on 6 August after CO₂-membrane upgrades and Route 3 operation.
Planned for 12 wells (6 producers/6 injectors), currently 5 producers and 3 injectors are tied in; Mero averaged about 740 mbpd in Q2 2026; PRM monitoring and HISEP separation are being deployed.
Pre-salt unit in the Santos Basin marks two decades of production and underpins plans to make the pre-salt the company's main source of output in 2026–30.
Quarterly results bolstered by record own oil output, above-100% refinery utilization and higher derivative production, supporting cash generation and lower imports.
Record oil, NGL and gas output reached 3.34 MMboed in Q2, up 14.1% YoY; operated production 4.87 MMboed; refinery utilisation 101.2% and derivative imports at pandemic-low.
Record reached after P-78 and P-79 began ramping up; field operates eight production units and plans 12 FPSOs.
By country, the most active first. active / all projects
