Oil is the focus of investors' attention.

247_Queiroz Galvão pleased investors this Tuesday, the 5th. The oil exploration and production company agreed to buy a 10% stake previously held by Shell in the BM-S-8 block located in the Santos Basin, one of the most important in the pre-salt layer for oil and gas extraction. This block is operated by Petrobras with the participation of Petrogal and Shell. Now, Queiroz Galvão will join this partnership. “This agreement reaffirms the company's growth policy, based on the acquisition of high-quality assets that can add value to our portfolio,” said the company's CEO, José Augusto Fernandes. The deal pleased investors, who increased the value of the QGEP3 share by more than 2,2%.

To complement the good news from the oil sector, Petrobras confirmed the discovery of oil and gas in its BM-ES-23 concession area in the Espírito Santo Basin. The company now has three significant discoveries in the region. This latest discovery is located 115 kilometers from Espírito Santo, at a depth of 1,9 meters. Petrobras holds 65% of the exploration rights in this block. Shell and Inpex hold 20% and 15%, respectively. This new discovery has increased investor expectations regarding the commercial viability of these wells. For this reason, PETR4 shares did not react to the announcement and fell more than 0,7% in Tuesday's trading session.