Petrobras signs eight production-sharing contracts for offshore exploration blocks in Côte d’Ivoire
Type: Partnership · Technology: Oil Gas · Country: Côte d’Ivoire · Announced: 2026-09-17
Petrobras, through its subsidiary Petrobras Netherlands (PNBV), has signed Production Sharing Contracts (PSCs) for eight offshore exploration blocks in Côte d’Ivoire. The agreements cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras Netherlands will hold a 90% interest and operate the blocks, while the state-owned PETROCI Holding will hold the remaining 10%. This acquisition marks a material presence for Petrobras in a region with high exploration potential, aligning with its strategy to replenish oil and gas reserves through exploration in new frontier areas. The company plans to leverage its experience and technical capabilities to unlock the potential of these blocks along the African Atlantic margin.
Analysis
Petrobras Netherlands B.V. signed Production Sharing Contracts for eight offshore exploration blocks—CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702—in Côte d’Ivoire on 2026-09-17. PETROCI Holding will hold a 10% non‑operating interest in the same eight blocks. Petrobras Netherlands will operate the blocks with a 90% interest. The contracts were announced on 2026-09-17 and the deal value was not disclosed.
Key points
- Petrobras Netherlands B.V. signed PSCs for eight offshore blocks (CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701, CI-702) in Côte d’Ivoire
- PETROCI Holding holds a 10% interest in the eight blocks
- Petrobras Netherlands holds a 90% interest and will operate the blocks
- Announcement date: 2026-09-17
- Deal value: not disclosed
Counterparties
- Petrobras Netherlands B.V. (PNBV) (Operator)
- Republic of Côte d’Ivoire (Partner)
- PETROCI Holding (Partner)
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