Petrobras enters negotiations for four offshore blocks in Ghana's Keta Basin
Petrobras enters negotiations for four offshore blocks in Ghana's Keta Basin SAO PAULO, Aug 21 (Reuters) - Brazil's state-run oil company Petrobras PETR3.SA said on Friday it had submitted an expression of interest for exploration blocks in Ghana and begun negotiations.
The West African nation's Ministry of Energy and Green Transition had approved its application to negotiate exploration contracts for four offshore blocks in the Keta Basin, it said.
The move is aligned with Petrobras' strategy of replenishing oil and gas reserves through exploration in new frontier areas in Brazil and abroad, the company said in a securities filing, adding that it is evaluating opportunities to diversify its exploration portfolio and support long-term growth.
(Reporting by Isabel Teles; Editing by Joe Bavier)
((isabel.teles@thomsonreuters.com; +55 11 91033 3602))
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