Ibama Grants Petrobras Permission to Drill in Foz do Amazonas Region

PBR
October 21, 2025
On 20 October 2025, Brazil’s environmental agency Ibama granted state‑run oil company Petrobras permission to drill a well in the Foz do Amazonas region, a high‑potential offshore area. The approval marks the first regulatory step toward exploratory drilling in the Amazon basin. The authorization was announced by Petrobras in a statement released on Monday, following Ibama’s review of the company’s environmental impact assessment. The Foz do Amazonas region lies within the Amazon basin and is considered a frontier for Brazil’s offshore exploration. The approval enables Petrobras to proceed with exploratory drilling, potentially unlocking new reserves and supporting the company’s strategy to expand its pre‑salt and deep‑water portfolio. The decision also reflects the government’s support for domestic energy development while balancing environmental safeguards. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.