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Petrobras president points the next quarter of the State as the best compared to the last 4 years
The new president of Petrobras Ivan Monteiro presents the estimated balance sheet for the next quarter, as the best in terms of profit for the State-owned company, since the beginning of the Lava-Jato operation. The predominant factor is the rising dollar, leaving the price of domestic oil competitive and definitively emerging from the crisis that has been plaguing Brazil for four years. According to the President, the strategy now is not investment, but strengthening the company's economic foundations, which will have a third quarter with even greater profits than in the first and second.
New Investments
In view of the current scenario, which still does not demonstrate complete solidity for higher and more challenging investments, specialists say that Petrobras would take approximately ten years for new discoveries of oil fields and production of oil and gas. Looking at this data in numbers, currently with the pre-salt discovery, Petrobras manages to maintain 50% of national production and distribution and looking to the future, in 2030 it could be among the world's major oil exporters.
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Brazilian oil reserves
As predicted by economists and specialists in the field of oil, Brazilian reserves are enormous, but the problems are the expenses to exploit them. Studies indicate that 4,9 trillion barrels of oil can still be exploited around the world, but spending on new technologies, transport logistics and labor would be more viable with investment in renewable energy sources and the production of 1 out of 3 barrels, which could be mined. A report presented by Shell points to energy changes by 2070. The highly credible report shows solar, wind and nuclear energy ahead of other energy sources.
