Petrobras Still Seeking to Boost Exploration Portfolio

Brazil's state-controlled oil company Petroleo Brasileiro SA remains interested in expanding its exploration portfolio, new Chief Executive Officer Ivan Monteiro said on Thursday following an auction of offshore oil blocks.

Petrobras, as the company is known, joined the consortia that won all three blocks awarded at the auction, days after Monteiro was named CEO amid a crisis over diesel prices that led to the resignation of his predecessor.

Reporting by Marta Nogueira