Brazilian company Petróleos Brasil (Petrobras) intends to acquire oil fields on the African continent and has already set its sights on three main countries, Angola, Namibia and South Africa, according to Petrobras' Director of Exploration and Production, Sylvia Anjos, in New Delhi, India.

 She said that the Brazilian state-owned company is in talks with multinational oil companies such as ExxonMobil (United States), Shell (United Kingdom) and TotalEnergies (France), which are already Petrobras' partners in oil production in Brazil.

Petrobras' intention comes at a time when the company is seeking new frontiers in oil exploration and production, with a view to reversing the decline in current reserves, which is expected by the 2030s.

Petrobras resumed operations on the African continent last year. On February 8, the company concluded the acquisition of stakes in three exploration blocks in São Tomé and Príncipe, on the west coast of Africa. In two blocks the stake is 45%; and in the third, 25%.

In October 2024, Petrobras' Board of Directors approved the company's operations in South Africa, enabling it to acquire a stake in the Deep Western Orange Basin (DWOB) block, through a competitive process conducted by TotalEnergies. (Brasil247)