Petrobras Eyes Argentina, Colombia, Africa Projects

Tuesday, March 11, 2025

Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.

Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina, Bolivia and Brazil could be used to transport it, Anjos said on the sidelines of the CERAWeek conference in Houston.

She added the firm could also look for oil opportunities in Argentina, as Petrobras actively seeks to replenish its oil reserves through projects overseas amid difficulties to obtain environmental licenses to drill in Brazil.

In Colombia, the company is currently drafting the development plan of an offshore project where 6 trillion cubic feet of gas have been discovered, while waiting for a government license.

Some 13 million cubic meters per day of gas from the project would be supplied to Colombia via pipeline, Anjos said.

In Africa, the firm expects exploratory wells to be drilled between July and August in an oil block in which it has a stake in Sao Tome and Principe. Another area in South Africa should be drilled in the second half, the executive added.

(Reuters)

Categories: Offshore Energy People Offshore Energy Drilling Industry News Activity Oil and Gas Brazil

Related Stories

Semco Maritime to Work on Floatel Endurance Rig Optimization

Harbour Energy Set to Cut 100 Offshore Jobs

Europe’s Drilling Revival Tests US Energy Pledges and Import Boom

Current News

Texas LNG Signs 20-Year Offtake Deal with Macquarie

Petrobras and Shell Raise Stakes in Brazil’s Atapu and Mero Pre-Salt Fields

Chevron's Gorgon LNG Project Gets $2B Investment Go-Ahead

Van Oord Completes Monopile Installation at Windanker

Subscribe for OE Digital E‑News