Petrobras is exploring opportunities in Argentina while advancing projects in Colombia and Africa. The Vaca Muerta region is particularly appealing for gas due to potential transport routes. Difficulties in Brazil drive the search for oil projects abroad, while Colombia’s offshore gas project and exploratory drilling in Africa are also under consideration.
Petrobras, the Brazilian state-run oil company, is exploring opportunities in Argentina and advancing its projects in Colombia and Africa, as announced by the firm’s head of exploration and production, Sylvia dos Anjos. The Vaca Muerta region in Argentina is of particular interest for gas, with a pipeline connecting Argentina, Bolivia, and Brazil potentially facilitating transport.
Anjos indicated that Petrobras may also pursue oil opportunities in Argentina to replenish its reserves, especially as the company faces challenges with obtaining environmental licenses for drilling within Brazil. Meanwhile, in Colombia, Petrobras is developing a plan for an offshore project that has unearthed 6 trillion cubic feet of gas, pending a government license.
This offshore project is projected to supply approximately 13 million cubic meters of gas daily to Colombia via pipeline. In Africa, Petrobras anticipates exploratory drilling for oil to begin in July or August in a block in which it holds a stake in Sao Tome and Principe. Additionally, drilling is expected to commence in a separate region of South Africa during the second half of the year, according to Anjos.
In summary, Petrobras is actively pursuing opportunities in Argentina and progressing in projects across Colombia and Africa. The company’s interest in the Vaca Muerta region highlights its strategy to augment oil and gas reserves, particularly in response to domestic drilling challenges. The firm also remains committed to advancing its offshore and exploratory projects in South America and Africa, showcasing its diversified approach amidst evolving market dynamics.
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