Petrobras acquires stake in exploration block in São Tomé and Príncipe.

This Monday (20), the Petrobras announced its newest agreement for acquisition of stake and assumption from the Block 3 operationno offshore of São Tomé and Príncipein Africa, from the company Oranto Petroleum Limited (Oranto)The operating consortium is composed of Prayer, operator with 90% market share and by National Petroleum Agency of São Tomé and Príncipe (ANP-STP), with 10%. Through the new contract, the Petrobras will acquire 75% of the operation and, upon completion of the transactionThe consortium will then be composed of… oil company (future operator, 75%), Prayer (15%) and ANP-STP (10%). Since 2024a Petrobras resumed its operations on the African continent and already has a stake in other exploration blocks Oil and petroleum products in São Tomé and PríncipeThe new acquisition is in line with the state-owned company's governance guidelines, as set out in its Business Plan 2026-2030The completion of the transaction is subject to governmental and regulatory approvals in São Tomé and Príncipe.

This text was translated by machine from Brazilian Portuguese.