Petrobras has been active in São Tomé and Príncipe since February 2024, when it acquired a 45% stake in Blocks 10 and 13, and a 25% stake in Block 11.
This transaction strengthens Petrobras’ exploratory activities on the African continent, with the purpose of portfolio diversification, and is aligned with the company’s long-term strategy, aiming to replenish oil and gas reserves through exploration of new frontiers and partnership operations.
The acquisition of Block 4 in São Tomé and Príncipe complied with all the company’s internal governance procedures and is in accordance with the 2025-2029 Strategic Plan.
