Petrobras (PBR) is targeting Africa as its main development region outside Brazil, Reuters reported Thursday, citing Chief Executive Magda Chambriard.
The company has secured preference in buying nine offshore exploratory blocks from Ivory Coast, while Nigeria, Angola, and Namibia have indicated they are interested in working with Petrobras, Chambriard reportedly said.
The company is already implementing its plans in Africa and is looking to start drilling in the island nation of Sao Tome and Principe this year, according to Chambriard.
Petrobras is also targeting to explore India's coast, participating in an upcoming oil block auction, Reuters reported, citing Chambriard.
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