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Company: Petrobras wants all 40% of the Mopane oil and gas exploration block

25/09/2024
Source : ORISHAS-FINANCE
Categories: Companies

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Last Monday, a director of the state-owned oil company announced that the Brazilian company Petrobras should seek to obtain all of the 40% of the Mopane oil and gas exploration block in Namibia. This block is put on sale by the Portuguese company Galp

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Exploration and Production Director Sylvia dos Anjos announced that Petrobras would need all of the 40% in order to exploit the oil field. According to the latter, “operating with less than 40% is very bad... (Galp) proposed the operation, and no one is operating with less than 40%.” Anjos said that in July, had made a non-binding offer as part of the tender procedure opened by the Portuguese company, which would make it the operator of the field

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