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Petrobras Plans Return to Nigeria Amid Upstream Realignment
PBRPetrobras(PBR) ZACKS·2025-05-16 20:16

Petrobras (PBR) , Brazil’s national oil and gas company, is preparing a strategic return to Nigeria’s oil industry, with plans to pursue deepwater exploration in the West African nation. After a decade-long absence, PBR is signaling renewed interest in Nigeria’s offshore frontier acreage. This is in sync with its aggressive investment blueprint through 2029.This renewed engagement is expected to unlock mutual benefits for both nations, revitalizing a relationship that dates back to the 1980s when Brazil’s s ...