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Petrobras Plans To Start Drilling in the Amazon in Weeks

  • Petrobras plans to begin drilling in the Foz do Amazonas Basin off Brazil’s coast by the end of May 2025 after pending approvals.
  • The company awaits final approval from environmental agency Ibama following earlier rejection due to ecological and indigenous concerns.
  • Ibama conditionally approved Petrobras’ oil spill response methodology and scheduled a large-scale on-site simulation to verify readiness.
  • The basin, near the Amazon River mouth, shares geology with Guyana’s offshore where Exxon found billions of barrels, suggesting high resource potential.
  • If approved, Petrobras’ drilling could boost regional bids for exploration blocks, highlighting Brazil’s efforts to increase oil supply despite transition goals.
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Folha de S.Paulo broke the news in São Paulo, Brazil on Monday, May 19, 2025.
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