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

Read Also

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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

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

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