Homechevron_rightMarketschevron_rightIbama Clears Petrobras to Drill Three More Wells in Environmentally Sensitive Amazon Mouth
PRO EXCLUSIVEMarkets

Ibama Clears Petrobras to Drill Three More Wells in Environmentally Sensitive Amazon Mouth

Ibama Clears Petrobras to Drill Three More Wells in Environmentally Sensitive Amazon Mouth

M
Marcus Wright
Sep 4, 2026, 3:22 PM
Ibama Clears Petrobras to Drill Three More Wells in Environmentally Sensitive Amazon Mouth
Illustration — BRZ.news

Brazil’s main environmental regulator, Ibama, has authorized state-run oil company Petrobras to drill three additional exploratory wells in the controversial Foz do Amazonas basin, clearing the path for the company to fully assess a potential new oil frontier in the country’s north. The decision permits drilling at the Manga, PAD Morpho, and Crotalus prospects in Block FZA-M-59, located approximately 175 kilometers off the coast of Amapá state. The approval is a significant regulatory victory for Petrobras and the government of President Luiz Inácio Lula da Silva, which views the region, part of the wider Equatorial Margin, as a strategic priority and a potential successor to Brazil’s prolific pre-salt oil province.

Get Brazil's market moves in your inbox

Free daily briefing — no spam, cancel anytime.