Petrobras Expands Africa Presence with Côte d’Ivoire Oil Blocks
23 Articles
23 Articles
Petrobras takes control of eight Côte d’Ivoire oil blocks in major African expansion
Brazilian state-owned oil giant Petrobras has secured 90% operating stakes in eight offshore exploration blocks in Côte d’Ivoire, deepening its expansion into Africa as it searches for new oil and gas reserves.
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Noticias ao MinutoPetrobras, through the full subsidiary Petrobras Netherlands B.V., will be the operator. It will have 90% participation in the eight blocks. Costa-Marfinese state will have the remaining 10%.
Petrobras, through the full subsidiary Petrobras Netherlands B.V., will have 90% participation in the eight blocks and will be the operator, while the Costa-Marfinese state will have the remaining 10%.
Petrobras signs production-sharing deals for Ivory Coast exploratory blocks
Petrobras announced on Thursday (17) that it signed production-sharing contracts for eight exploratory blocks located on the coast of Côte d'Ivoire. According to the state, the contracts ensure participation in exploration areas of high potential on the African equatorial margin. Petrobras will be an operator and will hold 90% participation in the blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702, while the local state, Pe…
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