Nigeria: Brazil's Petrobras Mulls Return to Nigeria's Oil Sector, Targets Deep-Water Acreage

Nigeria talks with Petrobras on deep-water acreage, says minister

Nigeria is discussing exploration of its deep water oil acreage with Petrobras, years after the Brazilian oil giant exited the west African nation, Nigeria's foreign minister Yusuf Tuggar said.

Petrobras Considers Return to Nigerian Oil Sector

Brazil’s Petrobras plans to return to Nigeria’s oil industry, to focus on deepwater exploration, Nigeria media have reported, citing a senior government official. “We have not maximally capitalised on the fraternity between us and Brazil, but it is better late than never. The upcoming SDM [Strategic Dialogue Mechanism] presents an opportunity to execute sector-specific Memoranda of Understanding (MOUs) and unlock investment flows,” Stanley Knwoc…

Brazil's Petrobras eyes return to Nigeria's oil sector

Nigeria and Brazil are deepening their relationship.

Nigeria: Brazil's Petrobras Mulls Return to Nigeria's Oil Sector, Targets Deep-Water Acreage

The state oil company of Brazil, Petrobras, is seeking to re-enter Nigeria's oil sector, with a specific interest in frontier deep-water acreage.

Nigeria Secures N12.8trn Deepwater, Gas Investments in One Year - InsideBusiness - Business News in Nigeria

Nigeria has attracted $8 billion (approximately N12.8 trillion) in investments for deepwater and gas projects through Final Investment Decisions (FIDs) within a year. Olu Verheijen, Special Adviser to the President on Energy, revealed at the 2025 Africa CEO Forum held in Abidjan, Côte d’Ivoire, alongside this influx of capital, Nigerian ownership in the nation’s gas sector has surged from 69 per cent to 83 per cent, a robust push toward local co…

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