Petrobras has acquired a stake in an oil exploration block off the coast of Namibia, in southwestern Africa. The area is located in the Lüderitz Basin and covers approximately 11,000 square kilometers (km²).
The information was disclosed in a material fact, a statement that companies make to investors.
Brazil’s state-owned company states it acquired a 42.5-percent stake in the area, identified as Block 2613. French oil company TotalEnergies, Petrobras’ partner in oil production in Brazil, acquired another 42.5 percent.
Namcor Exploration and Production, a Namibian government-owned company, owns 10 percent, while Eight Offshore Investment Holdings holds five percent.
The stakes acquired by Petrobras and TotalEnergies were sold by Eight and Maravilla Oil & Gas.
The statement does not specify the purchase price. The company adds that the deal’s completion is still subject to the fulfillment of certain conditions – including government and regulatory approvals, notably from Namibia’s Ministry of Industry, Mines, and Energy.
