Petrobras Wins Fight to Explore for Oil Near Amazon (2)

Oct. 20, 2025, 5:39 PM UTC

Brazil’s state-controlled energy company received approval to explore for oil near the mouth of the Amazon River, capping a yearslong standoff with environmental regulators over access to a basin thought to hold vast amounts of crude.

Petroleo Brasileiro SA said in a filing Monday that it received permission to drill one exploratory well in the Foz do Amazonas basin.

“The drill rig is at the well site and drilling is scheduled to begin immediately, with an estimated duration of five months,” the company said in its filing.

The world’s biggest oil companies have salivated for a decade over the prospect ...

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