Brazil’s national oil company Petrobras is eyeing a 40% stake in Namibia’s Mopane oil and gas exploration block, which international oil company Galp has put up for sale.
Reuters reported in July that Petrobras had submitted a non-binding offer in Galp’s bidding process, seeking to become operator of the block. Earlier this week, Petrobras Exploration & Production Director Sylvia dos Anjos stated that Petrobras is pursuing the full 40% stake, though no progress has been made on the deal so far.
“We know Brazil very well, we also know Africa very well. So, naturally, if we go somewhere abroad, Africa is a good place,” said dos Anjos.
