06 June 2025
06 June 2025
The deals are part of President Nicolás Maduro’s plan to replace Western oil companies after US sanctions ended their licences.
The company intends to lay off around 5,000 employees this year.
The new contract will supply volumes covering nearly 10% of the UK’s annual gas demand.
The assets produce roughly 5,500boe/d, with oil and liquids making up 81%.
Petrobras has recently shown interest in acquiring stakes in oil assets abroad, particularly in Africa.
PTAS Aker Solutions combines local execution with global expertise as the lead contractor.
Standalone renewable refineries to drive SAF production capacity in the region.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.
