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Petrobras (NYSE:PBR) mentioned Friday it concluded the acquisition of stakes in three exploratory blocks in São Tomé and Príncipe, marking the corporate’s resumption of exploration actions in Africa following a four-year absence; monetary phrases weren’t disclosed.
Petrobras (PBR) acquired 45% stakes in blocks 10 and 13 and a 25% stake in block 11, and mentioned it signed amendments to the manufacturing sharing contracts and joint working agreements, enabling it to change into a part of the consortia for the blocks; Shell (SHEL) is the operator and holds 40% stake in all three blocks.
Individually, Petrobras (PBR) reported This autumn gross sales of three.07M boe/day, matching gross sales from the year-earlier quarter, with oil and gasoline manufacturing rising 11% Y/Y to 2.94M boe/day.
The corporate earlier reported its FY 2023 manufacturing reached 2.78M boe/day, 3.7% larger than the earlier yr, attributing the rise to the ramp-up of 4 offshore platforms.
