Petrobras Eyes African Oil to Boost Reserves as Output Decline Looms
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Petrobras is targeting oil assets in Africa, specifically in Angola, Namibia, and South Africa, to boost its reserves and aims to reach a production level of 2.8 million barrels per day by 2025.

February 14, 2025 | 8:15 pm
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Petrobras is focusing on acquiring oil assets in Africa to increase its reserves and meet its production target of 2.8 million barrels per day by 2025.
Petrobras' strategy to acquire oil assets in Africa is a significant move to boost its reserves and production capacity. This aligns with its goal to reach 2.8 million bpd by 2025, which is likely to positively impact its stock price in the short term as investors may view this as a growth opportunity.
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