Petrobras Director Of E&P Says Petrobras Made Non-Binding Offer For A Share Of Galp's Mopane Oil Field In Namibia, Would Make Petrobras Operator Of Mopane Field, With At Least 10B Barrels Of Oil Equivalent; Looking For Oil Reserves Abroad Due To Environmental Licensing Issues For New Areas In Brazil
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Petrobras has made a non-binding offer for a share of Galp's Mopane oil field in Namibia. If successful, Petrobras would become the operator of the Mopane field, which has at least 10 billion barrels of oil equivalent. This move is driven by environmental licensing issues for new areas in Brazil.
July 26, 2024 | 7:59 pm
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Petrobras has made a non-binding offer for a share of Galp's Mopane oil field in Namibia. If successful, Petrobras would become the operator of the Mopane field, which has at least 10 billion barrels of oil equivalent. This move is driven by environmental licensing issues for new areas in Brazil.
The acquisition of a significant oil field with at least 10 billion barrels of oil equivalent could substantially boost Petrobras' reserves and production capacity. This is particularly important given the environmental licensing issues in Brazil, making international reserves more critical for the company's growth.
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