Brazil’s state‑controlled oil firm Petrobras SA has signed production‑sharing contracts for eight ultra‑deepwater exploratory offshore blocks in Ivory Coast, marking a strategic push to broaden its African footprint. The agreement, announced by CEO Magda Chambriard at a Wednesday event, is designed to diversify Petrobras’s exploration portfolio and bolster reserves as the company anticipates a production peak near 2035. The move underscores Petrobras’s ongoing efforts to offset domestic decline and tap new frontier basins in Africa, positioning the firm to capitalize on potential deepwater discoveries in the region.