Articles tagged with: oil company

Petrobras continues with its investment commitment

petrobras

Regardless being pointed as the world’s most indebted oil company, Petrobras has announced they will stick to its investment commitment for the next 5 years period (2018-2022). The estimated amount of investment is around the $74.5 billions of dollars, a little bit more than the last investment in the previous period (2017-2021) for $74.1 billions.

The forecast is to spend $60.3 billions in exploration and production and the 57% of that investment will be on the pre-salt layer, including $18.9 billions on Campos Basin.

In order to reduce its debt, Petrobras is working on divesting assets, at the same time they are planning to boost the production. They are expecting to achieve a daily production of 3.55 millions of barrels of oil.

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