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The Brazilian Oil Company Petrobras Has Allocated US $ 84 Billion to Spend Between 2019 and 2023. Most of This Amount Will Go to E & P, Where the Company Plans to Increase Production by Bringing 13 FPSOs into Production, Seven of Which Have Not Yet Been Ordered.
Petrobras Plans to Spend a Total of US $ 84.1 Billion During This Period. Of This Total, US $ 68.8 Billion Will Be Spent on Its Exploration and Production Business, US $ 8.2 Billion on Refining, Transportation, and Marketing, US $ 5.3 Billion on Gas and Petrochemicals, and US $ 0.4 Billion on Renewables. Petrobras Emphasized That Exploration and Production Remain the Company’s Most Important Value Generation Engine, and the Focus Remains on Developing Production in Deep Waters, Notably in the Pre-Salt Areas.
The Company Expects Its Production to Grow by 10% in Brazil and 7% Overall, Due to the Start-Up of Five New Production Units in 2018 and Another Three in 2019.
“Throughout the Plan, the Start-Up of 13 New Systems Is Foreseen. For the Period Between 2020 and 2023, Total Oil and Natural Gas Production Will Grow at an Average Rate of 5% per Year,” Petrobras Said.
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In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.
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In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.
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In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.
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The Brazilian Air Force now has a colossal helicopter: the H125 from the TH-X project arrives with multi-mission technology, capacity for up to 6 occupants, high efficiency in military training and operation in extreme environments, strengthening the training of pilots for the FAB and the Brazilian Navy.
Petrobras Shared a Graph in Which It Reveals That of the 13 Units Mentioned, the Company Will Contract Seven New FPSOs to Be Brought into Production Between 2021 and 2023.
The New President of Petrobras, Roberto Castello Branco, Made an Institutional Video Yesterday, Which Can Be Watched Here, Explaining the Future of the Company and the Diversification of Its Service Portfolio, Both in Brazil and in the Global Market, as the State-Owned Company Has Now Regained Its Power to Choose and Decide on Which Assets to Invest.
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