Brazil’s Petrobras to support Cape Verde in ultra-deepwater oil and gas prospecting

5 July 2010

Santa Maria, Cape Verde, 5 Jul – Brazil will support Cape Verde’s efforts to prospect for oil and gas in ultra-deepwater areas around the island country, the Brazilian president and Cape Verdean prime minister have announced in Santa Maria.

At the end of Saturday’s Brazil/Cape Verde summit held in Santa Maria on Sal Island, Brazilian President Luis Inacio Lula da Silva said he would communicate that commitment to the Brazilian oil company Petrobras after completing on 12 July his ongoing trip, which began in Cape Verde and also takes him to Equatorial Guinea, Tanzania, Zambia and South Africa.

For his part, Cape Verdean Prime Minister Jose Maria Neves confirmed the intention and said there were indications that oil and gas might exist in deepwater areas of the island country’s Economic Exclusion Zone (EEZ).

“It is a vital area of cooperation between Cape Verde and Brazil,” Neves said, without specifying where the studies and/or prospecting would be carried out.

Lula da Silva had arrived on Friday in Sal to take part in the first ever special summit between the Economic Community of West African States (ECOWAS) and Brazil. He said his country was living through “a special moment”, with ultra-deepwater prospecting in the pre-salt layer within its vast EEZ. (macauhub)