Petrobras begins negotiations for Keta Basin exploration blocks in Ghana
- Petrobras submitted a manifestation of interest for exploratory blocks in the offshore Keta Basin, Ghana.
- Ghana’s Ministry of Energy and Green Transition approved the application for negotiation of exploration contracts in four blocks.
- With approval, Petrobras moves into direct negotiation of the exploration contract terms.
- The move aligns with Petrobras’ Business Plan goal to replenish reserves and diversify its exploration portfolio.
Transaction
Petrobras presented a manifestation of interest for exploratory blocks located offshore in the Keta Basin, Ghana. The Ministry of Energy and Green Transition of Ghana approved the application, clearing the way for direct negotiation of exploration contracts in four blocks.
Next steps
Following the approval, Petrobras has entered the phase of direct negotiation over the terms of the exploration contracts for the approved blocks.
Strategic rationale
The initiative is described as part of Petrobras' Business Plan objective to replenish oil and gas reserves through exploration in new frontiers both domestically and internationally. The company frames the activity as an effort to diversify its exploratory portfolio, generate value and support long-term business sustainability.
Source: Petrobras
