Brazil’s state oil company, Petrobras, is seeking to re-enter Nigeria’s oil sector, with a specific focus on frontier deepwater acreage.
This was confirmed by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, according to a statement issued by the Senior Special Assistant to the President on Media & Communications (Office of the Vice President), Stanley Nkwocha, on May 14, 2025.
It was revealed that, as the economic reforms of President Bola Ahmed Tinubu’s administration take root, Petrobras, which had previously wound down its operations in Nigeria at the Agbami Field-is now actively engaging with Nigerian authorities.