Quarterly results bolstered by record own oil output, above-100% refinery utilization and higher derivative production, supporting cash generation and lower imports.
Consortium now set with operator at 75% and partners at 15% and 10%; move supports reserve replenishment through new-frontier exploration.
Net profit R$32.7bn; adjusted EBITDA R$59.6bn; investments R$26.8bn. Production and refining records supported cash generation and higher derivatives output.
Acquirer to take 75% and operatorship of Block 3 offshore São Tomé and Príncipe from Oranto. Post-deal: acquirer 75%, Oranto 15%, ANP‑STP 10%. Subject to regulatory approvals.
Petrobras partners with TotalEnergies in Namibia's Block 2613, aiming to diversify and expand oil and gas reserves. Completion awaits regulatory approvals.
Galp expands its São Tomé exploration with a new stake in Block 4, joining Shell, Petrobras, and ANP-STP, reinforcing its long-term commitment to the region's offshore resources.
