Petrobras aims to establish Africa as its primary region for development outside of Brazil, as stated by the state-run oil firm's CEO. This strategic shift underscores a significant focus on international expansion and diversification of its exploration portfolio.
The company's CEO noted that Ivory Coast has extended the 'red carpet' for Petrobras to explore in deep and ultra-deep waters off its coast. This indicates favorable conditions and potential for new, large-scale discoveries in the region.
This strategic move positions Petrobras to leverage its world-class expertise in deepwater exploration in new frontiers. It could lead to substantial reserve additions and production growth, enhancing the company's global presence and long-term value.
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