While Petrobras Focuses on Pre-Salt, Competitors Diversify Their Businesses

Written by Paulo Nogueira

Published on 11/03/2019 at 16:09

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Petrobras Races Against Time to Produce Everything That Brazilian Pre-Salt Can Offer Before Inevitable Energy Transition, but Experts Are Concerned

As other global oil giants shift and even transition to a differentiated market in the energy sector, such as in the petrochemical field and clean/renewable energies, Petrobras maintains its scope and focus on only one segment of services, becoming increasingly less flexible compared to major operators.

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

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

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While Petrobras Focuses on Pre-Salt, Competitors Diversify Their Businesses

Petrobras Races Against Time to Produce Everything That Brazilian Pre-Salt Can Offer Before Inevitable Energy Transition, but Experts Are Concerned

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