Petrobras has acquired a 42.5% interest in offshore Block 2613 in Namibia’s Lüderitz Basin, marking the company’s return to the country as international oil companies continue to expand exploration activity along Namibia’s southern coast.
The acquisition forms part of a transaction in which TotalEnergies also secured a 42.5% stake and will act as operator of the block.
The interests were acquired from Eight Offshore Investment Holdings and Maravilla Oil & Gas. Following completion of the deal, Eight will retain a 5% interest, while Maravilla will exit the asset entirely.
The Block 2613 consortium will comprise TotalEnergies (42.5%), Petrobras (42.5%), Namcor Exploration and Production (Pty) Ltd with a 10% interest, and Eight Offshore Investment Holdings (5%).
Block 2613 covers an area of approximately 11,000 square kilometres in the offshore Lüderitz Basin, a region that has attracted growing international attention following recent exploration successes in Namibia’s southern offshore areas.
Petrobras President Magda Chambriard said the acquisition aligns with the company’s medium- and long-term strategy of maintaining and expanding its oil and gas reserves through entry into prospective exploration regions.
“The acquisition of new blocks is fundamental to Petrobras’ medium- and long-term planning, aiming at maintaining oil and gas reserves. We have been carefully evaluating areas that have shown good prospects, both in Brazil and in other parts of the world. Working with partners in this new block marks Petrobras’ return to Namibia and will be very important within the company’s strategy of seeking new frontiers,” Chambriard said.
Petrobras Executive Director for Exploration and Production Sylvia Anjos said the company’s interest in Namibia is supported by geological similarities between the region and Brazil’s sedimentary basins.
“We have considerable geological knowledge of the region, largely analogous to our sedimentary basins. We are closely monitoring the West African coast and the good opportunities in Africa. This was the case in São Tomé and Príncipe, South Africa, and now Namibia,” Anjos said.
The entry into Block 2613 comes as Namibia’s offshore sector continues to attract global exploration interest, driven by recent discoveries in the Orange Basin.
