Petrobras is actively exploring opportunities in Argentina, focusing on the nation’s rich gas reserves in Vaca Muerta.
Sylvia dos Anjos, the firm’s exploration and production head, revealed this during the CERAWeek conference in Houston.
A potential pipeline connecting Argentina, Bolivia, and Brazil could facilitate gas transport, making the region highly attractive.
The Brazilian oil giant also seeks oil opportunities in Argentina, aiming to bolster its reserves beyond domestic borders.
This strategic move comes amid hurdles in securing environmental licenses for drilling within Brazil.
Simultaneously, Petrobras is making significant strides in its Colombian offshore gas project.
A development plan is being drafted for the site, which holds an estimated 6 trillion cubic feet of gas.
Petrobras anticipates supplying 13 million cubic meters of gas daily to Colombia via a pipeline, pending government licensing.
Further afield, the company is set to drill exploratory wells in Sao Tome and Principe, Africa, between July and August.
This ambitious international expansion underscores Petrobras’s commitment to diversifying its portfolio and securing future energy resources.
