Petrobras Spent Over 2 Billion Reais on Refinery Maintenance in 2021

With An Increase of More Than 50% In Relation to 2020 Expenses, Petrobras Reports Having Invested More Than 2 Billion Reais In Refinery Maintenance

On the last Wednesday (01/19), Petrobras stated that it made an investment of R$ 2.3 billion last year in preventive maintenance shutdowns of refineries, setting a record. According to the state-owned company, the amount represents an increase of more than half of the value from 2020 and more than 20% in relation to the previous record from 2019.

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With the highest rate in the last 5 years, Petrobras ended 2021 with an average absolute utilization factor of 83% of its refineries, even with all the preventive maintenance shutdowns.

During the planned shutdowns of the refineries, maintenance is performed on the industrial units, with repairs, inspections, and replacements of equipment when necessary. According to Petrobras, more than 4,000 pieces of equipment had to be inspected.

Rodrigo Costa, Director of Refining and Natural Gas at Petrobras, states: “We are heavily invested in a culture of prevention and always strive for excellence in safety.” According to him, Petrobras also provided employee training, not just the scheduled maintenance shutdowns.

“Our main goal is to ensure safety and operational continuity, as well as to adapt the production capacities of the units, seeking the most efficient and safest use of the assets,” the director added.

With the goal of maintaining 4,500 pieces of equipment this year, Petrobras plans to spend R$ 2.5 billion on maintenance shutdowns of units at the refineries.

Pre-Salt

Petrobras Achieved An Annual Production Record In The Pre-Salt Last Year, Reaching 1 Million and 950 Thousand Barrels of Oil Equivalent Per Day (boed). This Volume Represents 70% of The Company’s Overall Production, Which Was 2.77 Million boed In 2021. The Last Record Was In 2020, When Petrobras Reached The Mark of 1.86 Million Barrels of Oil Equivalent Per Day, Corresponding to 66% of The Company’s Production.

In Petrobras’ Strategic Plan 2020-2026, US$ 6.1 billion is earmarked for investment in refineries over the next 5 years. According to the company, it will undertake projects to position itself among the best refineries on the planet in terms of performance and operational efficiency, with products that have higher added value and emit lower amounts of carbon.

Privatizations In Paraná: In 2022, Petrobras’ Refineries, Compagas, and Ferroeste Are Expected to Be Sold

Petrobras, Compagas, and Ferroeste Refineries Are Companies Expected to Be Privatized in 2022

The infrastructure sector in Paraná is expected to undergo privatizations in 2022 – there is an expectation that the sales of Petrobras’ refineries and those of Compagas and Ferroeste will be carried out. The first anticipated auction is for the New Ferroeste, which is expected to take place in the second quarter of this year. The winner will build the railroad and will be able to operate the segment for 70 years. Check this article in full by clickinghere.