Petrobras, Brazil’s state-controlled oil company, is actively pursuing a return to Nigeria’s oil market, focusing on frontier deepwater exploration opportunities. Petrobas’ re-entry into Nigeria’s oil market marks a significant shift from its previous divestment strategy, reflecting a renewed commitment to expanding its international presence. The development was disclosed in a post by Nigeria’s Vice President, Kashim Shettima, on X (formerly Twitter) yesterday. Shettima attributed Petrobras’ renewed interest in Nigeria to the economic reforms introduced by the Tinubu-led administration. “As the economic reforms of the administration of President take root, the…
Read MoreForeign Oil Giants Seek Re-entry Into Nigeria’s Oil Market, Eye Deepwater Prospects
