Petrobras unveils new strategic plan in November

Petrobras will unveil a new strategic plan for the next few years in November, a Brazilian state-owned company official said Wednesday, “consistent with its current focus on an offshore oil formation known as pre-salt. ” suggested that it was necessary to

Speaking at an oil and gas event in Rio de Janeiro, Petrobras executive director of governance Salvador Dahan said the company will continue “what we’ve been doing” before salt exploration and production.

“This plan continues our focus in Brazil, with significant investments in pre-salt development, exploration and production, but also downstream (the logistics segment),” he said.

Some future investments will also be focused on areas such as decarbonization and renewable energy, Dahan added, without elaborating.

Executives did not disclose the dollar value of the new plan.

Last year, the company’s plans reached $68 billion over five years, almost 25% more than previous programs.

(Reuters – Reporting by Rodrigo Viga Gaier, Editing by David Gregorio)