Lula Expressed Support for Petrobras' Oil Exploration on the Equatorial Margin on the 18th
2026-05-20 15:41
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en.Wedoany.com Reported - Brazilian President Lula once again expressed support for oil exploration on the Equatorial Margin during a Petrobras ceremony held in Paulínia this Monday (the 18th). Lula stated that the move aims to prevent the United States from attempting to control the region. He said: "We will proceed with the greatest sense of responsibility in the world, but we cannot give up the wealth located nearly 500 meters from our coastline. Soon Trump will come and think it's his and take it for himself."

Lula also mentioned the recent remarks by the U.S. President regarding regions such as Canada, Greenland, the Gulf of Mexico, and the Panama Canal, questioning who can guarantee that Trump will not also claim the Equatorial Margin as his own. Therefore, he advocated that "we must occupy it." Lula emphasized that oil exploration on the Equatorial Margin will be conducted to the highest standards, and the resources obtained will be used to secure the nation's future. He stated: "No one cares more about the Amazon than we do. We cannot give up the wealth located nearly 500 meters from our coastline... Soon Trump will see it, think it's his, and take it for himself. We must occupy it."

Currently, Petrobras is drilling the pioneer well Morpho in block FZA-M-059, located in the Amazon River Mouth Basin off the coast of Amapá state. The Equatorial Margin is a strip along Brazil's northern coast, encompassing the maritime areas of states such as Amapá, Pará, Maranhão, Piauí, Ceará, and Rio Grande do Norte. It is regarded as a new exploration frontier for the oil and gas industry, with its potential yet to be fully tapped.

In his speech, Lula also criticized Trump over the Iran conflict, calling him the "main culprit" of the war. He stated that the government is using Petrobras' resources and budget to prevent the rise in fuel prices caused by the Middle East conflict from being passed on to Brazilian consumers.

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