Petrobras' Srategic Plan

Last week, Petrobras released its renewesd Strategic Plan, now covering the period from 2025 to 2029.

Here are some highlights from the oil company’s document:

– The company plans to invest $111 billion across all areas, a 9% increase compared to the forecast for the 2024-2028 period.

– Of this total, $77 billion will be allocated to Exploration & Production (E&P), with 60% directed toward pre-salt assets.

– Petrobras projects total production of 3.2 million barrels of oil and gas equivalent per day (boed), including 2.5 million barrels of oil per day (bpd).

– Ten new production systems are set to be deployed by 2029, utilizing cutting-edge technologies that enable greater efficiency and lower emissions. Nine of these systems are already contracted.

– Production will begin at Raia in 2028, but with Equinor as the operator and Petrobras as the partner.

– There are five projects under development beyond 2029, with six more in the planning stage.

– Investments of $19.6 billion are expected in the Refining, Transportation, Marketing, Petrochemical, and Fertilizer segments, marking a 17% increase compared to the last Strategic Plan.

– A commitment to investing $16.3 billion in energy transition projects.

More details you can check out soon at wsb-advisors.com