KEYFACT Energy
Petrobras has agreed to acquire interest in three offshore exploration blocks in São Tomé and Príncipe, marking the company's return to Africa. Petrobras has acquired a 45% stake in blocks 10 and 13, and a 25% stake in block 11, through a competitive process conducted by Shell. Financial details were not disclosed. In 2020, Petrobras exited African operations after selling its 50% stake in its Nigeria-focused subsidiary, Petrobras Oil & Gas B.V.
KeyFacts Energy: Petronas São Tomé and Príncipe country profile