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3 clusters · 25 sources · 38 days · First seen · Last updated

Petrobras offshore expansion in Africa

Overview

Petrobras is expanding its international presence through exploration and production activities along the African equatorial margin.

In August 2026, the Brazilian state-controlled company received authorization from Ghanaian authorities to negotiate exploration contracts for four offshore blocks in the Keta Basin. This move aligns with Ghana’s efforts to revitalize its petroleum industry following a decline in national output and oil revenues. Petrobras identified the Keta Basin as a strategic frontier due to geological similarities with Brazil’s equatorial margin.

By late September 2026, Petrobras advanced its regional strategy by signing exploration contracts for eight offshore blocks in the Ivory Coast. Operating through its subsidiary, Petrobras Netherlands B.V., the company will hold a 90% stake and operator status in these assets, with the remaining 10% held by PETROCI Holding. The specific blocks involved include CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701, and CI-702.

The exploration will target deep and ultra-deep waters, with depths ranging from 1,500 to 4,000 meters. The initial investment phase is estimated to exceed 250 billion FCFA, covering advanced seismic data acquisition and at least eight exploratory wells. Petrobras leadership, including President Magda Chambriard, noted that the region's geological characteristics are similar to Brazilian sedimentary basins. This expansion is part of a broader strategic plan to diversify the company’s geographic portfolio and recompose its oil and gas reserves to sustain production growth. The company’s growing African footprint also includes interests or ongoing negotiations in Namibia, São Tomé and Príncipe, and South Africa.

Entities

Petrobras · Sylvia Anjos · Petrobras Netherlands B.V. · PETROCI Holding · Keta Basin

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    Petrobras expands oil exploration to Ivory Coast

    Petrobras has secured rights to explore eight oil blocks in the Ivory Coast's equatorial margin and announced a diesel price adjustment that will be neutralized by a temporary subsidy.

  2. 15 days ago

    [BUSINESS] 18 sources
    Petrobras signs eight offshore oil exploration contracts in Côte d'Ivoire

    Petrobras signed eight production sharing contracts to explore deepwater oil and gas blocks in Côte d'Ivoire, holding a 90% stake and acting as operator in the African equatorial margin.

  3. about 1 month ago

    [BUSINESS] 4 sources
    Petrobras negotiates for four offshore oil blocks in Ghana

    Petrobras has been cleared by Ghana to negotiate exploration contracts for four offshore blocks in the Keta Basin to help revitalize the country's declining oil production.

Sources

acessa.com · acim.org.br · afriveille.com · aip.ci · brasil247.com · correiodobrasil.com.br · dev.tnonline.com.br · diariodenoticiasmarilia.com.br · diarioestrategia.cl · furtherafrica.com · gapola.tg · guiadoinvestidor.com.br · icilome.com · jornaleconomico.sapo.pt · maisfm.com · managers.tn · naval.com.br · noticiabrasil.net.br · petronoticias.com.br · portaldiarioderondonia.com · prensa-latina.cu · verdadeon.com.br · vivergoias.com.br · world-today-journal.com · yeclo.com

This summary has been updated 3 times: see revision history