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

Read Also

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.

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.

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.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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