Petrobras Expands Onshore Drilling in Bahia With $122M Investment
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Petrobras is investing $122 million in onshore drilling in Bahia, Brazil, by awarding contracts to EBS and Conterp. This move aims to enhance oil and gas production, create jobs, and strengthen Brazil's energy sector.
February 12, 2025 | 12:00 pm
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Petrobras is expanding its onshore drilling operations in Bahia with a $122 million investment, awarding contracts to EBS and Conterp. This initiative is expected to boost oil and gas production, create jobs, and strengthen Brazil's energy sector.
The $122 million investment by Petrobras in onshore drilling is a significant move to increase oil and gas production. Awarding contracts to EBS and Conterp indicates a strategic partnership to enhance operational capacity. This expansion is likely to positively impact Petrobras' revenues and market position, leading to a potential short-term increase in stock price.
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