Source: US News & World Report
“Brazil’s environmental agency Ibama greenlit state-run oil company Petrobras to conduct exploratory research by drilling wells in the Foz do Amazonas region, near the mouth of the Amazon river, the firm said in a statement on Monday. The drilling is expected to begin immediately and last around five months, Petrobras said, adding that for the moment they will not be producing any oil. The area, in deep waters off the shore of the Amazonian state of Amapa, is considered Petrobras’ most promising oil frontier, sharing geology with nearby Guyana, where Exxon Mobil is developing huge fields. Petrobras is aiming to obtain more geological information through the exploratory research and assess whether there is oil and gas in the area on a commercial scale, it said.” (10/20/25)