On October 9, Petroleo Brasileiro SA Petrobras rose 3.06% in regular trading, trading at $24.725/share, with turnover of $441 million.

The move was driven by the company's acquisition of 21 blocks in a public bidding round promoted by Brazil's National Agency for Petroleum, Natural Gas and Biofuels, with total signature bonuses of approximately 3.22 billion reais. The acquired assets include the Azurita block in the Campos Basin and the Cruzeiro Sul block in the Santos Basin, along with seven blocks in the Ceara Basin in partnership with QatarEnergy Brasil and 12 blocks in the Campos Basin with 100% participating interest. The announcement is expected to support the company's mid-to-long-term reserve replacement and upstream growth prospects.

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