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Coronavirus – PetroRio Delays Investments and Will Cut Expenses Due to the Pandemic

Written by Roberta Souza

Published on 20/03/2020 at 07:51

Economy, Oil and Gas

PetroRio, coronavírus

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Hard Days for Oil Companies! PetroRio Will Also Postpone Investments and Reduce Expenses Due to Coronavirus

PetroRio, a company specialized in asset recovery in production, reservoir management, and redevelopment of mature fields, also joins in the spending cuts during these hard times the world is facing due to the coronavirus.

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The company announced that it will postpone all its investments and reduce expenses to adapt to the crisis scenario after reviewing its business plan. The next step, taken forcibly according to market conditions, is the demobilization of the third phase of the Polvo field revitalization in the Campos Basin. The results of the campaign will be announced in the coming days.

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On the platforms, the company’s operational area, PetroRio has determined the immediate reduction of personnel on board and the extension of the boarding period in these units, to maintain only the essential personnel for efficient and safe production.

Monitoring at the airport has also been conducted since last week, a protocol adopted by the company, with the assistance of a nurse, to check the conditions of those boarding the platforms.

Workers located at the corporate headquarters and onshore units have started working remotely (home office) since the beginning of the week. This measure will remain in effect until at least the 31st, when PetroRio’s management will assess whether it will continue to maintain the same stance. International travel has been suspended, and domestic travel will be limited to essential trips only.

To view the full document released by the company, click the link below.

2020.03.18 – Relevant Fact Covid-19 and Brent Drop_v7 PetroRio

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coronavirus Óleo e Gás Petróleo PetroRio

Roberta Souza

Autora no portal Click Petróleo e Gás desde 2019, responsável pela publicação de mais de 8.000 matérias que somam milhões de acessos, unindo técnica, clareza e engajamento para informar e conectar leitores. Engenheira de Petróleo e pós-graduada em Comissionamento de Unidades Industriais, também trago experiência prática e vivência no setor do agronegócio, o que amplia minha visão e versatilidade na produção de conteúdo especializado. Desenvolvo pautas, divulgo oportunidades de emprego e crio materiais publicitários direcionados para o público do setor. Para sugestões de pauta, divulgação de vagas ou propostas de publicidade, entre em contato pelo e-mail: santizatagpc@gmail.com. Não recebemos currículos

Coronavirus – PetroRio Delays Investments and Will Cut Expenses Due to the Pandemic

Hard Days for Oil Companies! PetroRio Will Also Postpone Investments and Reduce Expenses Due to Coronavirus

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Coronavirus – PetroRio Delays Investments and Will Cut Expenses Due to the Pandemic

Hard Days for Oil Companies! PetroRio Will Also Postpone Investments and Reduce Expenses Due to Coronavirus

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