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Brazil’s Lula to meet with environment agency on Petrobras’ bid to drill near mouth of the Amazon river

By Thomson Reuters Feb 12, 2025 | 10:26 AM

SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will meet with environmental agency Ibama either this week or the next to discuss Petrobras’ bid to drill for oil near the mouth of the Amazon river, he told a local radio station on Wednesday.

Lula, who has defended Petrobras’ bid to explore the region, said during the interview that “Ibama is a government agency that seems to be against the government” in an escalation of recent criticism against the regulator.

It was unclear if the meeting would lead to a final decision on whether Petrobras would be allowed to drill in the environmentally sensitive area.

In May 2023, Ibama denied Petrobras’ request for an offshore drilling license for the Foz de Amazonas area off the coast of Amapa state, citing environmental concerns. The oil company appealed soon after, but a final Ibama decision is pending.

Lula’s remarks come after talks with Davi Alcolumbre, the newly sworn-in president of Brazil’s Senate and a vehement defender of oil exploration in his home state of Amapa.

The so-called Equatorial Margin at the northern end of the area is Brazil’s most promising oil frontier, sharing geology with nearby Guyana, where Exxon Mobil is developing huge fields.

While the region holds great potential for Petrobras, the firm has faced stiff resistance from local Indigenous communities and federal prosecutors related to its bid to drill there.

Last month, Petrobras’ director of Exploration and Production, Sylvia dos Anjos, said she expected the state-run firm to receive approval from Ibama in the first quarter of this year.

(Reporting by Fernando Cardoso and Eduardo Simões, writing by Fabio Teixeira, editing by Angus MacSwan)