Petrobras to Drill Three New Wells in Foz do Amazonas Starting January

Petrobras engineering director Renata Baruzzi announced the company will begin drilling three new wells in the Foz do Amazonas Basin in January, following completion of the Morpho well in October. This marks a significant step in Petrobras' exploration of the potentially oil-rich but environmentally sensitive region, which has faced regulatory and legal hurdles. The move signals Petrobras' commitment to expanding offshore exploration in Brazil's equatorial margin, with implications for national oil output and environmental policy.