Petrobras has announced its strategic entry into South Africa's offshore sector by securing a 10% interest in the DWOB block in the Orange Basin. This decision, approved by the company's Board of Directors, opens new opportunities for exploration in a region that has seen recent hydrocarbon discoveries from industry players like TotalEnergies, Shell, and Galp. The consortium is comprised of TotalEnergies, which operates the block, holding a 40% stake, alongside QatarEnergy (30%), Sezigyn Pty. (20%), and now Petrobras with 10%. Petrobras states that this acquisition aligns with its long-term vision to enhance its exploration portfolio by venturing into new frontiers, both within Brazil and internationally. 

The DWOB acquisition is also subject to approval from local regulatory authorities.

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