Petrobras completes offshore block acquisition in São Tomé and Príncipe
Petrobras has completed the acquisition of offshore Block 3 in São Tomé and Príncipe's waters.
Published 3j1 sourceNotableupdated 2j
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The fact
The deal strengthens the Brazilian giant's presence in Central Africa, following $120 million in investments.
This acquisition could double the country's oil reserves by 2030.