On Monday, 21 October 2025, Petrobras announced that Brazil’s environmental agency Ibama granted it permission to conduct exploratory drilling in the Foz do Amazonas region. The authorization allows the company to drill a well as part of its exploration program in the Amazon basin.
The approval follows a series of regulatory steps, including the completion of environmental impact assessments and the establishment of a veterinary center for spill response. The Foz do Amazonas basin is a high‑potential area for oil and gas, and the drilling authorization is a key milestone for Petrobras’ expansion of offshore exploration.
The authorization is expected to enable Petrobras to begin drilling operations within the next few weeks, potentially adding new reserves to its portfolio. The move aligns with the company’s strategy to increase production from pre‑salt and other offshore assets while maintaining compliance with environmental standards.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.