The Nigerian National Petroleum Company Limited (NNPCL) has announced that Petrobras, Brazil’s state-owned oil giant, is exploring fresh opportunities in Nigeria’s upstream sector, with specific attention to deepwater and ultra-deep-water opportunities.
In a statement posted on X (formerly twitter) on Wednesday, NNPCL said its Executive Vice-President for Upstream, Udy Ntia, met with Petrobras Chief Executive Officer, Magda Chambriard, on the sidelines of President Bola Tinubu’s state visit to Brazil.
“Petrobras expressed interest in exploring new areas, aligning with NNPC Ltd.’s commitment to fostering mutually beneficial partnerships in the energy sector.