Summary
- Petrobras approved a 10% acquisition in the Deep Western Orange Basin (DWOB) exploration block off South Africa’s coast.
- The move aligns with Petrobras’ strategic plan to diversify its exploration portfolio.
- The DWOB consortium now includes TotalEnergies, QatarEnergy, Sezigyn Pty, and Petrobras.
- Petrobras aims to replenish its oil and gas reserves and become a significant player on the global stage.