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Petrobras and the impasse over oil exploration in the so-called Foz do Amazonas: decision coming soon, says minister

Written by Rafaela Fabris
Published 30/09/2024 às 15:22
Petrobras and the impasse over oil exploration in the so-called Foz do Amazonas: decision coming soon, says minister
When will Petrobras start exploring for oil on the Equatorial Margin (Image: Representation)

Environment Minister says decision on Petrobras' request to explore oil in the so-called Foz do Amazonas depends on technical conclusion.

Who would have thought that Petrobras' saga to explore oil in the so-called Foz do Amazonas would be close to an outcome? Well, the Minister of the Environment, Marina Silva, stated this Monday (30) that the decision on the license request will be made as soon as the technical area concludes the analysis.

“Licensing is a technical process. The technical area has its own time to carry out the analysis, and at the appropriate time they make their statements, based on technical grounds,” said Marina, after participating in a G20 side event on finance in environmental sustainability.

Petrobras has been waiting since 2023 to explore oil in the region

Since 2023, Petrobras has been waiting for a license from the Brazilian Environmental Protection Agency (IBAMA) to explore for oil in the area near Amapá, part of the so-called Equatorial Margin. After an initial refusal from the environmental agency, the oil company appealed. but has not yet received a new decision.

"This is how it works in a republican government. What works are institutions and technical opinions, based on environmental impact studies,” added the minister, reinforcing that the analysis of oil exploration in the so-called Foz do Amazonas follows strict criteria.

Optimism regarding approval of license for Petrobras

Last week, the Minister of Mines and Energy, Alexandre Silveira, expressed optimism that the license for Petrobras would be approved by the end of this year. Expectations are high, but the final decision will depend on the technical opinions that are being carefully evaluated.

Meanwhile, Petrobras continues to wait, keeping an eye on the opportunities that oil exploration in the so-called Foz do Amazonas could bring. It remains to be seen whether the technical conclusion will be favorable. and when this soap opera will have its final chapter.

The future of oil exploration in the so-called Foz do Amazonas is about to be decided, and this raises a crucial question: will it be possible to reconcile the economic development that Petrobras seeks with the environmental preservation necessary for this sensitive region? What do you think?

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Rafaela Fabris

It discusses innovation, renewable energy, oil and gas. With over 1.200 articles published in CPG, it provides daily updates on opportunities in the Brazilian job market.

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