Petrobras plans to pursue the entire 40% stake in Namibia’s Mopane oil and gas exploration block that Portugal’s Galp has put up for sale, according to a director at the state-run oil company.
To operate the oil field, Petrobras would need the full 40% stake, said Exploration and Production Director Sylvia dos Anjos on the sidelines of the ROG.e oil and gas event in Rio de Janeiro.
“Operating with less than 40% is very bad… (Galp) offered the operation, and no one operates with less than 40%,” Anjos told journalists.
In July, the executive said that Petrobras had made a non-binding offer in the bidding process opened by the Portuguese company that would make it the operator of the field.
However, she stated on Monday 23 Sep 2024 that there has been “no progress” in the process so far.
“We know Brazil well, and we also have a strong understanding of Africa. Naturally, if we expand internationally, Africa is a promising destination,” she added.
