In Turn, the Company Raised Its Production Forecast for Oil and Gas for 2023.
Petrobras announced today the upward revision of its oil and gas production target for 2023. On the other hand, the investment forecast was reduced from US$ 16 billion to US$ 13 billion, still representing a 30% increase compared to 2022.
This reduction in investments is explained by the state-owned company as a reflection of lower spending on exploration and production, which were reduced from US$ 13.3 billion to US$ 11.2 billion. The company mentions the challenging scenario faced by suppliers in the post-pandemic inflationary context, influencing the ability to meet the growing demand for critical resources for the oil and gas industry.
Petrobras Postpones Bidding for Platforms of the Sergipe Deep Water Project to 2024
Petrobras recently announced the postponement of the bidding for platforms of the Sergipe Deep Water project to 2024. This occurred amid a reduction in investments, but the company assured that the production target was not compromised.
-
A Canadian study detects record methane emissions and reveals that abandoned oil wells pollute up to 1,000 times more than expected.
-
Foresea announces winners of the 3rd supplier award highlighting performance, technology, and sustainability in the oil and gas sector in Macaé.
-
The 12% export tax on Brazilian oil reignites the debate on regulatory risk, competitiveness, and impact on the trade balance.
-
Rio could lose up to R$ 21 billion per year due to the STF’s decision on oil royalties, and the impact could affect the economy, tourism, and services.
With the revision of the forecasts, Petrobras expects to achieve a production of 2.8 million barrels per day of oil equivalent (boe/day) in 2023, surpassing the previous forecast of 2.6 million boe/day. The commercial production target has also been adjusted from 2.3 million to 2.4 million boe/day, and the production of oil and natural gas liquids (NGL) from 2.1 million to 2.2 million barrels/day.
Source: EPBR Agency

Seja o primeiro a reagir!