Petrobras Pursues 40% Stake in Galp's Mopane Oil Prospect in Namibia
Friday, 2 August 2024, 17:18
Petrobras' Bid Details
Brazil's Petrobras is actively pursuing a stake in Galp Energia's Mopane oil prospect located off the coast of Namibia. According to sources, the company’s bid will involve at least one partner, enhancing its chances in this competitive sector.
Strategic Goals
- Non-binding offer made by Petrobras for a 40% stake
- Director of exploration and production, Sylvia dos Anjos, confirmed the plans
- Aiming to become the operator of the Mopane block
Conclusion
The inclusion of a partner in Petrobras' bid signifies the company's strategic approach to bolster its operations in the lucrative oil market. With this move, Petrobras is set to enhance its presence in Namibia's oil exploration landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.