Petrobras has completed the acquisition of its stake and assumed operation of block 3 offshore São Tomé and Príncipe in Africa.
The consortium is now led by Petrobras with 75 per cent, alongside Oranto and the national petroleum agency.
The company says the move supports reserve replacement through new oil and gas exploration frontiers in Brazil and abroad.
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Brazil’s Petrobras completes stake buy in Block 3 offshore Africa
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