Petrobras Eyes Gas Blocks in Egypt
Brazil's federal energy company Petrobras (NYSE: PBR) is preparing to bid for natural gas exploration blocks in Egypt, local press reported.
The company plans to make a written offer for offshore exploration blocks in Egypt by the end of March.
Petrobras has been expanding exploration operations abroad, including in Africa. It recently won exploration rights in Turkey.
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Operates 34 Offshore Rigs
Manages 10 Offshore Rigs
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