Brazilian state-owned company joins consortium with Shell, Galp and ANP-STP to operate with 27.5% participation
27.5% of the participation in block 4 of oil exploration in Sao Tome and Principe, Africa. The state -owned company released the market acquisition on Friday (12.Set.2025).
Now, Petrobras joins the block consortium composed by the 30% operator of the asset, and 27.5%, and the (National Petroleum Agency of São Tomé and Principe), with 15%
According to Petrobras in a statement, the purchase is part of the state’s strategic plans for the 2025-2029 period.
“The operation reinforces Petrobras’ exploratory performance on the African continent, with the purpose of portfolio diversification and is aligned with the company’s long -term strategy, aiming at the recomposition of oil and gas reserves through the exploitation of new borders and acting in partnership”, these.
This digital newspaper sought, by email, Petrobras to find out the value of the signed contract, what are the expected returns about the investments and duration of the contract. There was no answer so far. The space remains open for manifestation.
Petrobras & Africa
The choice of Africa as a region of exploration outside Brazil is aligned with Petrobras’s strategy of reserves replacement, especially in view of the expectation of production decline in pre-salt after 2030.
The Brazilian state -owned company signed a contract with the 2024 to participate in the exploration of the Deep Western Orange Basin block in South Africa. The company also started negotiations to explore 9 blocks offshore On the Ivory Coast.
