Regulatory Tug-of-War: Petrobras’ Amazon Oil Dreams on Hold

In Brazil’s Equatorial Margin, Petrobras encounters a critical moment in its pursuit of oil reserves. The National Petroleum Agency (ANP) has suspended deadlines for Petrobras’ contract in the Foz do Amazonas block, following the company’s request to protect its area rights. The story began in 2013 when Petrobras acquired rights to explore Block 59, located […]

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