Petrobras is preparing to drill the first of 14 planned wells at South America’s new deepwater frontier, the Equatorial Margin at its Northern maritime border, a company executive told the World Petroleum Congress in December.
Petrobras plans to invest $2 billion in exploration at the Equatorial Margin through 2026, Reservoir Executive Manager Tiago Homem said. The company estimates an overall investment of $2.5 billion in seismic activities over the same period.