Petrobras' Billion-Dollar Divestment May Stall Oil Production Until 2025

Petrobras’ Billion-Dollar Divestment May Stall Oil Production Until 2025

Written by Flavia Marinho

Published on 30/11/2020 at 20:44

Petrobras pretende no seu plano bilionário de desinvestimento até US$ 35 bilhões com a venda dos campos de petróleo e demais ativos

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Petrobras Aims to Raise Up to US$ 35 Billion Through the Sale of Oil Fields and Other Assets in Its Billion-Dollar Divestment Plan

Petrobras informed that it intends to raise between US$ 25 billion and US$ 35 billion from the sale of assets in its divestment plan, which means that the oil production of the state-owned company may remain practically at the same level between 2021 and 2025. Rescheduled the 17th Bidding Round with 92 Oil Blocks in the Campos, Santos, Pelotas, and Potiguar Basins

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The data was provided by Petrobras during a virtual event for the company’s investors on this Monday (30/11).

Petrobras plans to divest from the oil fields of Albacora, Albacora Leste, Frade, half of the Marlin cluster, and from assets onshore and in shallow waters. The company will sell 209 fields on land or in shallow waters, assets in Argentina, Bolivia, Colombia, and the United States, and the Marlim Cluster (50%).

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Petrobras’ Billion-Dollar Divestment May Stall Oil Production Until 2025

Petrobras Aims to Raise Up to US$ 35 Billion Through the Sale of Oil Fields and Other Assets in Its Billion-Dollar Divestment Plan

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Petrobras’ Billion-Dollar Divestment May Stall Oil Production Until 2025

Petrobras Aims to Raise Up to US$ 35 Billion Through the Sale of Oil Fields and Other Assets in Its Billion-Dollar Divestment Plan

Read Also

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The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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