Petrobras Wants a 40% Stake in Galp's Mega Oil Block in Namibia, Director Says
09.24.2024 By Tank Terminals - NEWS

September 24, 2024 [Reuters]- Brazil’s Petrobras is expected to seek the entire 40% stake of Namibia’s Mopane oil and gas exploration block put up for sale by Portugal’s Galp, a director at the state-run oil firm said on Monday.

 

To operate the oil field, Petrobras would need the full 40% stake, said Exploration and Production Director Sylvia dos Anjos on the sidelines of the ROG.e oil and gas event in Rio de Janeiro.

“Operating with less than 40% is very bad… (Galp) offered the operation, and no one operates with less than 40%,” Anjos told journalists.

In July, the executive told Reuters that Petrobras had made a non-binding offer in the bidding process opened by the Portuguese company that would make it the operator of the field.

But so far there has been “no progress” in the process, she said on Monday.

“We know Brazil very well, we also know Africa very well. So, naturally, if we go somewhere abroad, Africa is a good place,” she said.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Qair to Install e-Methanol Plant at France's Le Havre Port
11.12.2024 - NEWS
November 12, 2024 [Renewables Now]- French independent renewable power producer Qair has won the ... Read More
COP29 - Indonesia to Host World's First Hybrid Green Ammonia Project
11.12.2024 - NEWS
November 12, 2024 [Antara News]- PT Pupuk Indonesia announced its Green Ammonia Initiative from A... Read More
Saudi Arabia Bets $10B on Green Hydrogen
11.12.2024 - NEWS
November 12, 2024 [Oil Price]- Saudi Arabia is reportedly preparing to unleash $10 billion in inv... Read More
Genzero and Trafigura Announce US$100M Expansion of the Brujula Verde Nature-Based Carbon Removals Project in Colombi
11.12.2024 - NEWS
November 12, 2024 [Storage Terminals Magazine]- Trafigura Group Pte Ltd, a leader in the global c... Read More