Petrobras sets five-year targets offshore Brazil

Petrobras’ board has approved the company’s five-year Strategic Plan for 2020-2024.

Between 2020 and 2024, the company expects to start up 13 new production systems, all on deepwater and ultra-deepwater fields.
Between 2020 and 2024, the company expects to start up 13 new production systems, all on deepwater and ultra-deepwater fields.
(Courtesy Petrobras)

Offshore staff

RIO DE JANEIROPetrobras’ board has approved the company’s five-year Strategic Plan for 2020-2024.

Forecast capex during this period is $75.7 billion, of which 85% will be allocated to E&P. Much of the focus will be on the presalt interests offshore southeast Brazil.

At the same time the board is targeting divestments in the range $20-30 billion, mostly 2020-21.

Over the five-year period, the company expects to start up 13 new production systems, all on deepwater and ultra-deepwater fields.

Petrobras123

12/02/2019

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