**Petrobras Plans $7.1 Billion Investment in Upstream Exploration, Focuses on Equatorial Margin**
Brazilian state oil company Petrobras has announced plans to invest $7.1 billion in upstream exploration over the next several years. Approximately one-third of this budget will be allocated to drilling activities in the Equatorial Margin region. The investment aims to expand Petrobras’s exploration efforts and increase production capacity in promising …