---
title: "Brazil's Petrobras to look into Venezuela opportunities, says head of E&P"
description: "Brazil's Petrobras is exploring opportunities in Venezuela, according to Sylvia Anjos, head of Exploration and Production. While she acknowledges Venezuela's potential, she warns of investment risks, "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276453740.md"
published_at: "2026-02-20T14:37:50.000Z"
---

# Brazil's Petrobras to look into Venezuela opportunities, says head of E&P

> Brazil's Petrobras is exploring opportunities in Venezuela, according to Sylvia Anjos, head of Exploration and Production. While she acknowledges Venezuela's potential, she warns of investment risks, particularly regarding environmental concerns in Lake Maracaibo. Anjos does not foresee a short-term increase in Venezuela's production, viewing it as no threat to Petrobras. Additionally, Petrobras is seeking opportunities in Africa, with recent exploration license acquisitions in Ghana, Ivory Coast, and Namibia, aiming to make Africa a key exploratory region outside Brazil.

RIO DE JANEIRO, Feb 20 (Reuters) - Brazil’s state-run oil firm Petrobras (PETR3.SA) will look into opportunities in neighboring Venezuela, said the head of Exploration and Production Sylvia Anjos in an interview with newspaper O Globo on Friday. Venezuela has “great potential”, but investing in the country is risky, said Anjos, adding that producing in the oil-polluted Lake Maracaibo would put Petrobras’ environmental credentials at risk.

The head of E&P said that she does not believe Venezuela’s production will increase in the short term, and that it is not a threat to Petrobras’ business. Beyond Venezuela, Petrobras is looking for opportunities in Africa, said Anjos, citing Ghana, Ivory Coast and Namibia, where the company has recently signed a deal to acquire an exploration license. In an interview last year, Petrobras Chief Executive Magda Chambriard told Reuters that it looked to turn Africa into its main exploratory region outside of Brazil.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
