Petrobras Revises Oil And Gas Production And Investment Forecast For 2023

Written by Paulo Nogueira

Published on 10/11/2023 at 14:32

FPSO Almirante Barroso

Seja o primeiro a reagir!

Petrobras is reviewing its estimates for oil and gas production, as well as for the value of the investment planned for the year 2023. This review represents a more detailed analysis of the projections, considering market conditions and operational challenges.

This guidance revision is a strategy of Petrobras to ensure that projections are aligned with market reality and the company’s goals. With this, the company seeks to ensure that investments are allocated efficiently and that oil and gas production is optimized, maximizing returns for shareholders and contributing to the development of the energy sector in Brazil.

Petrobras Changes Production Review of Oil and Gas and Investment for 2023

Petrobras announced a revision in its projections for oil production and gas and for the planned CAPEX for the year 2023. The changes were motivated by factors such as market conditions and plans for investment in new projects.

ARTICLE CONTINUES BELOW

See also

According to CVM Resolution No. 44, dated August 23, 2021, Petrobras reported that it conducted a review of its own oil and gas production guidance, as well as its CAPEX for the year 2023. The changes were motivated by the strong performance in the third quarter of 2023 and the forecasts for ramp-ups and new well entries in the fourth quarter of the same year.

Regarding total own oil and gas production, there was an increase in values, rising from 2.6 to 2.8 million boed. The commercial production of oil and gas also increased from 2.3 to 2.4 million boed, and the production of oil and LGN increased from 2.1 to 2.2 million bpd. These revisions took into account future performance forecasts, with a margin of variation of ± 2%.

As for the company’s total CAPEX, the new guidance is now set at US$ 13 billion in 2023, an increase of over 30% compared to 2022. The reduction from the initially planned US$ 16 billion is due to lower spending in the exploration and production of oil and gas, influenced by the challenging post-pandemic scenario. Despite this reduction, Petrobras assures that the planned production target for 2023 will not be compromised.

The future projections of Petrobras are based on reasonable beliefs and assumptions of the Management, as well as information available at the time. However, it is important to note that the statements and information regarding the company’s future contained in this Relevant Fact should not be interpreted as guarantees or promises of performance, as they are subject to risks and uncertainties related to economic, regulatory, and competitive conditions in the countries where Petrobras operates, as well as its strategic and operational decisions.

For more information on the projections of Petrobras, including its monitoring and possible changes, interested parties can consult the reference form, which will be updated according to applicable regulations. This form will be available on the websites of CVM (www.cvm.gov.br), B3 S.A. – Brazil, Stock Exchange, Marketplace (www.b3.com.br), and the company.

In this section, you will find options to download the text, photos, and videos of this article, as well as to share the link.

Within each subsection, you can choose the desired option, whether to download or copy the sharing link. All resources are available to facilitate access and dissemination of content.

Source: Petrobras

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Petrobras Revises Oil And Gas Production And Investment Forecast For 2023

Petrobras Changes Production Review of Oil and Gas and Investment for 2023

A giant half-ton ring fell in Kenya from space, and more than a year later, scientists still do not know where it came from.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

For the first time, scientists have mapped the Etna magma system in almost real time and discovered where the volcano was storing large volumes of molten material before years of eruptions, revealing an underground reservoir that fills and reorganizes like a living organism beneath the mountain.

More than 1,500 Chinese workers transformed an entire railway station in just one night and reduced a 7-hour journey to 90 minutes with a high-speed line of 200 km/h.

Brazilian city becomes a global destination after attracting tourists who travel up to 10,000 km to visit a sanctuary with 11 giant saints up to 10 meters tall, open 24 hours and located along a highway in SP.

JBL Flip Essential 3 SE is launched with 30W of power (20W + 10W), Bluetooth 5.4, Auracast for multiple connections, IP67 water and dust resistance, up to 12 hours of battery life, and a price of approximately R$ 660 in China.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Pernambuco paradise with 59% of preserved area advances with R$ 2 billion in e-methanol, aims for 900 tons/day, grows 38.6% and builds electrified terminal of 400 thousand TEUs.

Brazil may have railways back on the map, but it will need the government: a study reveals 7,412 km ready for reactivation, a cost of R$ 75 billion, 61 sections analyzed, and none viable without public funding.

Petrobras Revises Oil And Gas Production And Investment Forecast For 2023

Petrobras Changes Production Review of Oil and Gas and Investment for 2023

A giant half-ton ring fell in Kenya from space, and more than a year later, scientists still do not know where it came from.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

For the first time, scientists have mapped the Etna magma system in almost real time and discovered where the volcano was storing large volumes of molten material before years of eruptions, revealing an underground reservoir that fills and reorganizes like a living organism beneath the mountain.

More than 1,500 Chinese workers transformed an entire railway station in just one night and reduced a 7-hour journey to 90 minutes with a high-speed line of 200 km/h.

China has just discovered oil in rock layers that no one thought could be explored at the bottom of the South China Sea, and the field with over 100 million tons could change the balance of energy power in Asia.

Petrobras finds oil on the seabed in the Campos Basin, hundreds of kilometers off the coast of Rio, and the discovery in a deep area raises curiosity about what else may be hidden in the pre-salt and how much this new area could surprise Brazil in the coming years.

Petrobras announces a new discovery in the pre-salt layer of the Campos Basin in block C-M-477, 201 km off the coast of Rio and at a depth of 2,984 m, following indications from electrical profiles, gas, and samples collected during drilling.

Even before the first drilling on the Brazilian Equatorial Margin, a wave of migrants is pressuring Oiapoque, expanding precarious occupations and transforming the city of Amapá into the new epicenter of the oil rush in the Amazon.

Oil rises more than 7% and surpasses $102 this Monday (13) after the announcement of the U.S. blockade on Iran, putting pressure on fuels, raising global inflation, and impacting economic costs.

Brazilian city becomes a global destination after attracting tourists who travel up to 10,000 km to visit a sanctuary with 11 giant saints up to 10 meters tall, open 24 hours and located along a highway in SP.

JBL Flip Essential 3 SE is launched with 30W of power (20W + 10W), Bluetooth 5.4, Auracast for multiple connections, IP67 water and dust resistance, up to 12 hours of battery life, and a price of approximately R$ 660 in China.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Pernambuco paradise with 59% of preserved area advances with R$ 2 billion in e-methanol, aims for 900 tons/day, grows 38.6% and builds electrified terminal of 400 thousand TEUs.

Brazil may have railways back on the map, but it will need the government: a study reveals 7,412 km ready for reactivation, a cost of R$ 75 billion, 61 sections analyzed, and none viable without public funding.