Brazil’s PETROBRAS Begins Negotiations for Four Exploratory Blocks in Ghana

Brazilian state-owned energy company Petrobras said on Friday it had submitted an expression of interest in four exploratory blocks in the offshore Keta Basin in Ghana.

Ghana’s Ministry of Energy and Green Transition has approved Petrobras’ application to negotiate exploration contracts for the four blocks, the company said.

With the approval, Petrobras has entered the phase of direct negotiations on the terms of the exploration contracts.

“The initiative is aligned with Petrobras’ strategy to replenish oil and gas reserves by exploring new frontiers, both in Brazil and abroad, as provided for in its Business Plan,” the company said.

The evaluation of new opportunities aims to diversify Petrobras’ exploration portfolio while generating value and supporting the long-term sustainability of its business.

As Petrobras is keen on boosting its oil and gas reserves through the exploration of new frontiers, both in Brazil and abroad, the assessment of new opportunities seeks to diversify the company’s exploration portfolio.

This is part of the Brazilian player’s plans to promote value creation and the long‑term sustainability of its business. The confirmation of discussions in Ghana comes shortly after Petrobras made a hydrocarbon discovery in a frontier well offshore Amapá.