Brazil’s Petrobras Moves Closer to Drilling in Key Offshore Area

Brazil’s state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, marking a step toward its first exploratory well in a promising yet contentious region offshore the country’s Northern state.

The facility was cleared by Amapa state authorities, but still needs to pass an inspection by environment protection agency Ibama before starting operations, Petrobras said in a statement.