Petrobras' (PBR) unit Petrobras Netherlands signed production sharing contracts for eight offshore exploration blocks in Cote d'Ivoire, the company said Thursday.
The company said it will hold a 90% interest in the blocks and serve as operator, while PETROCI Holding will hold the remaining 10% interest.
The agreements expand Petrobras' exploration portfolio in the African equatorial margin and support its strategy to replenish oil and gas reserves through new exploration frontiers, it added.
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