Petrobras signed an agreement with the Secretariat of Economic Development of the State of São Paulo, InvestSP agency, and the Brazilian Energy Council (Brenc), to develop offshore São Paulo.
The objective of the partnership is to establish guidelines for institutional, technical, and operational cooperation to foster coordinated actions in infrastructure, workforce development, innovation, regulation, and sustainability off the coast of São Paulo.
The initiative is part of Petrobras' 2050 Strategic Planning and 2025-2029 Business Plan, with total investment of $111 billion, $77 billion of which is earmarked for development of production and exploration projects, including basins off the coast of São Paulo.
June 27, 2025
ExxonMobil Corp.
Coterra Energy Inc.
June 24, 2025