Petrobras completes acquisition and operatorship of São Tomé and Príncipe Block 3
Key highlights
- Petrobras concluded acquisition and assumed operatorship of Block 3 offshore São Tomé and Príncipe.
- Consortium composition: Petrobras (operator) 75%, Oranto 15%, National Petroleum Agency of São Tomé and Príncipe 10%.
- The transaction follows Petrobras' communiqué of April 17, 2026.
- Petrobras states the move aligns with its Business Plan to replenish reserves, diversify exploration and promote long-term value.
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Petrobras Block 3 São Tomé and Príncipe Exploration Acquisition
FID / Sanctioned
2026-04-17
2026-07-09
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Transaction completion
In continuity with its communiqué of April 17, 2026, Petrobras concluded the acquisition of the participation and assumed operation of Block 3, located offshore São Tomé and Príncipe.
Consortium structure
With the transaction closed, the consortium comprises Petrobras as operator with 75% participation, Oranto with 15% and the National Petroleum Agency of São Tomé and Príncipe with 10%.
Strategic rationale
The operation is described as aligned with Petrobras' Business Plan objectives to replenish oil and gas reserves through exploration of new frontiers, diversify the company's exploratory portfolio and promote value generation and long-term sustainability of its businesses.
Source: Petrobras