The government of Côte d'Ivoire, through its Council of Ministers, approved Petrobras' declaration of interest in nine blocks.
Petrobras has secured approval from the government of Côte d’Ivoire for its declaration of interest in nine offshore exploration blocks, according to a June 4 company news release.
This represents the first phase in the acquisition process. Contractual negotiations will follow, the purpose being to ensure exclusivity during this negotiating period.
Petrobras has a long-term strategy to replenish its oil and gas reserves by exploring new frontier areas, both in Brazil and internationally.
