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    Brazil's Petrobras to purchase offshore oil block stake in South Africa

    Brazilian state-run oil company Petrobras announced on Tuesday, 1 October 2024 that its board gave a green light to acquire a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa, according to a securities filing.
    By Andre Romani
    3 Oct 2024
    Source: Reuters.
    Source: Reuters.

    The purchase of the stake in the deep water field followed a competitive process held by French oil major Total, which operates the project and will retain a 40% stake in the block.

    Read more: Total, Petrobras
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    Source: Reuters

    Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

    Go to: https://www.reuters.com/
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