Petrobras: Exxon Must Secure Ibama License for Foz do Amazonas Drilling

Petrobras' E&P director clarified that Exxon, as operator, must initiate environmental licensing with Ibama before drilling in Foz do Amazonas blocks. This procedural statement underscores regulatory hurdles in a sensitive offshore area, potentially delaying exploration. The comment follows Petrobras' own licensing challenges in the region, indicating continued friction between energy development and environmental oversight.