Foreign oil giants seek re-entry into Nigeria’s oil market, eye deepwater prospects
Petrobras, Brazil’s state-controlled oil company, is actively pursuing a return to Nigeria’s oil market, focusing on frontier deepwater exploration opportunities. Petrobras plans to re-enter Nigeria’s oil sector, focusing on deepwater exploration. This marks a reversal from its previous strategy of exiting Nigerian investments in 2020. Petrobras aims to acquire frontier deepwater acreage as part of…
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