Petrobras informs that its Board of Directors has approved the company’s operations in South Africa, enabling the acquisition of a stake in the Deep Western Orange Basin (DWOB) block, through a competitive process conducted by TotalEnergies.<\/p>\n\n\n\n
The DWOB block is located in deep waters in the Orange Basin, where there have recently been significant discoveries by TotalEnergies, Shell and Galp. <\/p>\n\n\n\n
As a result, Petrobras will have a 10% stake in the DWOB block, and the consortium will have the following composition: TotalEnergies, operator (40%), QatarEnergy (30%), Sezigyn Pty. (20%) and Petrobras (10%).<\/p>\n\n\n\n
The purpose of the operation will be to diversify the exploration portfolio with value generation and is in line with the company’s long-term strategy, which aims to oil and gas reserves replacement by exploring new frontiers, both in Brazil and abroad, and acting in partnership.<\/p>\n\n\n\n
The acquisition of the DWOB block in South Africa complies with all the company’s internal processes and governance procedures, in line with its Strategic Plan 2024-2028+ and is subject to approval by local regulatory bodies.<\/p>\n","protected":false},"excerpt":{"rendered":"