Petrobras has submitted a declaration of interest for exploratory blocks in the offshore areas of the Cote d'Ivoire. The Cote d'Ivoire government, through its Council of Ministers, approved Petrobras' declaration of interest for nine blocks. This is the first phase in the acquisition process for exploratory areas in the Cote d'Ivoire, which is then followed by contractual negotiations of the exploratory blocks. The purpose of the declaration is to ensure exclusivity in the contractual negotiation phase.
Petrobras highlights that the decision to submit the declaration of interest to the Cote d'Ivoire government complied with all of the company's internal governance procedures, in line with its long-term strategy, which is aimed at replenishing oil and gas reserves by exploring new frontiers, both in Brazil and internationally. The evaluation of new areas is targeted at diversifying the Company’s exploratory portfolio and generating value.
Any material developments will be promptly disclosed to the market.
Source: Petrobras
