Petrobras Expected to Spend About 6 Billion Dollars on Decommissioning Plan for Platforms, Submarine Pipelines, and Offshore Wells

Written by Kelly

Published on 29/09/2020 at 09:41

Plataforma offshore/Imagem: Divulgação

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In 2022 and 2023, Petrobras Is Expected to Spend US$ 1.1 Billion Each Year, and Another US$ 1 Billion in 2024 for Decommissioning Platforms

According to a statement on Monday (28), Petrobras is expected to spend approximately US$ 6 billion on a decommissioning plan for platforms, subsea pipelines, and offshore wells. This cost is estimated based on ongoing projects for these assets until 2024.

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This year in 2020, the expected cost was US$ 500 million. The total cost is expected to rise to US$ 2.3 billion next year. In 2022 and 2023, Petrobras is expected to spend US$ 1.1 billion each year, and another US$ 1 billion in 2024.

The state-owned company also stated that it expects to bring in US$ 1 billion in cash from divestments in 2020, after receiving US$ 14.4 billion last year.

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Petrobras Expected to Spend About 6 Billion Dollars on Decommissioning Plan for Platforms, Submarine Pipelines, and Offshore Wells

In 2022 and 2023, Petrobras Is Expected to Spend US$ 1.1 Billion Each Year, and Another US$ 1 Billion in 2024 for Decommissioning Platforms

Read Also

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Petrobras Expected to Spend About 6 Billion Dollars on Decommissioning Plan for Platforms, Submarine Pipelines, and Offshore Wells

In 2022 and 2023, Petrobras Is Expected to Spend US$ 1.1 Billion Each Year, and Another US$ 1 Billion in 2024 for Decommissioning Platforms

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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