Jean Paul Prates, President of Petrobras, Reinforces $18 Billion Investment Plan for Oil and Gas Projects in the Campos Basin, Rio de Janeiro

Petrobras Aims to Increase Oil and Gas Production Capacity in Campos Basin by 50% in the Next 5 Years. The Current President of the State-Owned Company, Jean Paul Prates, Reinforced His Commitment to the Company’s Investments in the Region.

Looking to the future of the national oil and gas market, the current president of Petrobras, Jean Paul Prates, and his team reinforced the company’s investments for the next 5 years. The company’s Business Plan outlines investments of US$ 18 billion in projects in the Campos Basin area. The goal is to increase fuel production by up to 50% in the next 5 years in the region.

Learn More About the Campos Basin

Petrobras’ Business Plan Foresees Investments of US$ 18 Billion in Oil and Gas Projects in the Campos Basin Region Over the Next 5 Years, Reveals Jean Paul Prates

The pursuit of expanding fuel production capacity in the national market is increasingly present in Petrobras’ plans for the coming years.

Petrobras’ Business Plan for the next 5 years aims to invest US$ 18 billion in the Campos Basin region.

Under the current administration of Jean Paul Prates, the company intends to expand oil and gas production capacity in the area by up to 50%.

This projection complements the potential of Macaé to attract investments linked to the oil, gas, and energy production chain.

In the Business Plan, investments will primarily target the Campos Basin region in North Fluminense. There, Petrobras will expand production capacity through the revitalization of mature fields and the initiation of new units.

Manager of the Campos Basin Business Unit Reinforces the Importance of Petrobras’ Investments in Oil and Gas Projects in the Region

In a meeting with Mayor Welberth Rezende, the General Manager of the Campos Basin Business Unit (UN-BC), Wlisses Menezes, emphasized the importance of the state-owned company’s investments in the local oil and gas market.

The projects to expand production capacity in the area could leverage the high potential of North Fluminense.

With the support of Jean Paul Prates, the expectation is that by 2028, oil production capacity will jump from 600 thousand barrels per day to 900 thousand barrels per day.

“We are currently experiencing a new phase of revitalization in the Campos Basin, with the installation of five new operational units over five years, generating investments of US$ 18 billion with the outlook of increasing production capacity in this region by up to 50%. Research and innovation are essential to this new phase,” Wlisses reinforced.

The mayor of the city of Macaé reiterated Petrobras’ investments as essential for leveraging the city’s high potential for oil and gas production.

Macaé has become one of the largest hubs of the national oil market in recent years, strongly boosting projects in the Campos Basin.

“Petrobras represents our main economic vocation, responsible for making Macaé the leading base of the national energy market. These investments highlight our role in an expanding market that generates jobs and begins to change, once again, our reality,” stated the executive. 

Now, the expectation is that Jean Paul Prates will fulfill the commitment of Petrobras’ Business Plan and continue with investments in oil and gas production in the Campos Basin.