Petrobras has entered into an agreement with Equinor to acquire a 50% stake in the Itaimbezinho block, located offshore in the Campos Basin
Equinor currently holds 100% of the Itaimbezinho block and, upon completion of the transaction, the consortium will consist of Equinor (operator, 50%), Petrobras (50%), and Pré-Sal Petróleo S.A. – PPSA, as manager of the Production Sharing Contract.
The transaction reinforces the importance and relevance of exploration activities in Brazil and is aligned with the company’s long-term strategy, aimed at replenishing oil and gas reserves through exploration of new frontiers and partnership-based operations.
The partnership maximizes synergies in the Campos Basin, a region where the company already develops neighboring assets, also in partnership with Equinor, such as the Raia project and the Jaspe exploration license.
The acquisition of the block complied with all of the company’s internal governance procedures and is in line with the 2026–2030 Business Plan.
The assignment process will be submitted to CADE and ANP, and completion of the transaction is subject to the fulfillment of conditions precedent, including the applicable governmental and regulatory approvals.
Source: Petrobras
