Petrobras Eyes Offshore Blocks in Ivory Coast

Brazilian national oil company Petrobras has submitted a declaration of interest for nine offshore blocks in Ivory Coast. The Ivorian government – through its Council of Ministers – has approved the declaration, initiating the first phase of the acquisition process, which grants Petrobras exclusivity during upcoming contractual negotiations.

Petrobras plans to acquire seismic data on four offshore blocks and explore potential partnerships with Ivory Coast’s national oil company PETROCI. The move aligns with Petrobras’ long-term strategy to diversify its exploration portfolio.

“The geographic location of Ivory Coast, on the African Atlantic coast, is of great interest to Petrobras. We are focused on replenishing oil reserves and rebuilding our exploratory portfolio, and we see Ivory Coast as a region with great potential,” stated Magda Chambriard, CEO, Petrobras.