Petrobras is expanding across Africa with a new Sao Tome block, hedging its reserves as the clock runs on its first Amazon-mouth exploration well.
Energy
Key Facts
—New block. Petrobras added a fresh offshore block in São Tomé and Príncipe in April 2026, expanding its West African portfolio.
—Africa first. The company’s 2026–2030 plan sets aside about $7.1 billion for exploration, with Africa named the top priority outside Brazil.
—Wider footprint. Petrobras also holds stakes off South Africa and Namibia and has bid for nine blocks off Ivory Coast.
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