Petrobras, Brazil’s state-controlled oil company, signs production-sharing contracts for eight exploratory offshore blocks in Ivory Coast. The deal expands Petrobras’s search for oil in Africa and adds to its exploration footprint in the region.
The outlets describe the move as the company’s latest step to broaden its international upstream activity. Bloomberg frames the announcement specifically around the production-sharing structure and the number of blocks involved, while Moneyweb summarizes it as a broader expansion of Petrobras’s African oil efforts. Both accounts align that the contracts cover exploratory work offshore and that Ivory Coast is the new target location.
