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While Petrobras focuses on pre-salt, competitors diversify their businesses

Written by Paulo Nogueira
Published 11/03/2019 às 16:09
Updated 12/03/2019 às 10:02

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Petrobras pre-salt competitors business

Petrobras is running out of time to produce everything that the Brazilian pre-salt can offer before the inevitable energy transition, but experts are concerned

While other global oil giants alternate and even make transitions to a differentiated market in the energy sector, such as the petrochemical branch and clean/renewable energies, Petrobras maintains its scope and focus on only one segment of services, becoming less and less flexible compared to the main operators.

It is no surprise that the Petrobras is betting everything on the pre-salt layer, focusing on oil and gas productivity, with an intense divestment project to reduce its deficits and increase the state-owned company's cash.

Valor consulted some analysts experienced in this type of market, many of them have divided opinions on whether this strategy is really a good deal to the Petrobras, because inevitably fuel consumption is decreasing in the long term and while other companies have shown interest in other types of activities, the Brazilian state-owned company is static.

The president of the Petrobras, Roberto Castello Branco, in about two months, has already shown his interest in selling Liquigás, Braskem and reducing BR Distribuidora's share in the refining market.

In the opinion of Adriano Pires, director of the  Brazilian Infrastructure Center (CBIE), as the state-owned company is the largest pre-salt field explorer in the world, any other applications and investments from its cash are not worth much at this time because it will not bring the expected financial return.

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Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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