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.
14 Articles
14 Articles
Petrobras Plans To Start Drilling in the Amazon in Weeks
Brazil’s Petrobras is planning to start drilling in the Foz de Amazonas Basin by the end of the month, Reuters has reported, citing unnamed sources close to the company. The company was currently waiting for coral-clearing at the future drilling site to end and move on to the actual drilling. The news comes on the heels of a report that Petrobras was nearing a conditional approval for its drilling campaign in the frontier region by Brazil’s envi…
IBAMA Will Test a Failed Plan for Foz Do Amazonas
Petrobras' next step in seeking an exploration license for the Amazon Foz, the Pre-Operational Assessment (APO) will simulate its capacity to save animals in emergencies. The test will be coordinated by technicians from the Brazilian Institute of the Environment (Ibama), who will test in practice the plan they failed on paper. IBAMA officials secretly told CNN that this is an unprecedented situation in the recent period: the carrying out of an A…
Petrobras Advances in Amazon Drilling Amid Licensing Uncertainty - EnergiesNet
Petrobras gets a win in Amazon drilling push but future licensing in doubt Fabio Teixeira, Reuters RIO EnergiesNet.com 05 20 2025 A decision by Brazilian environmental agency Ibama on Monday will let state-run oil firm Petrobras (PETR4.SA) move a step closer to drilling for oil in a coveted offshore region, but it came with an important caveat
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