(WO) – Petrobras has made a suggestion to accumulate a major stake in Galp Energia’s highly-anticipated oil and gasoline discovery offshore Namibia, in keeping with Reuters. If profitable, Petrobras would develop into the operator of the Mopane oil and gasoline discipline, which holds an estimated 10 Bboe.
Over 12 opponents, together with Exxon and Shell, have proven curiosity in buying a 40% stake in Galp Energia’s huge offshore oil and gasoline discipline. A spokesperson from the corporate emphasised Petrobras’ experience in deepwater operations and expressed confidence of their bid.
Petrobras is in search of worldwide alternatives on account of challenges in acquiring environmental licenses for brand spanking new exploration in Brazil. Indigenous teams, environmental regulators, and labor disputes at Brazil’s environmental company, Ibama, have hindered Petrobras’ efforts to discover offshore areas, significantly close to the Amazon River.
