In the midst of the pandemic, six platforms in five oil fields in Bacia de Campo, in RJ, will be hibernated by Petrobras. The state-owned company informed the oil workers' unions in a note. According to the company, the measure was adopted to reduce costs in the midst of a crisis in the oil sector. Saudi Arabia and Russia end oil price war and OPEC to cut production by 10 million barrels a day

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In a statement issued on Wednesday, April 08, Petrobras emphasizes that the current crisis in the oil industry is the worst in the last 100 years.

"The scenario of uncertainty is such that we need to go further and take preventive measures to reduce disbursements and preserve our cash, in order to reinforce the financial solidity and resilience of our businesses", said the letter.

“These measures include stopping some production units, postponing and reducing personnel expenses and dividends, among others.”

The Petrobras oil platforms to be hibernated in the Campos Basin, RJ

• Grouper 1 and 2, in the field of Grouper
• Boyfriend 1 and 2, in the Boyfriend field
• Petrobras-09, in the fields of Congro and Corbina
• Grouper, in the Grouper field,

The above information comes from the document signed by the sectoral manager of Union Relations, Marta Garcia.

The decision to hibernate the oil platforms in the Campos Basin, in RJ, came after Petrobras having informed a cut of 200 thousand barrels per day of its production and set a level of 2,07 million barrels per day (bpd) pumping for April, compared to an average of 2,394 million bpd recorded in the last quarter of 2019.

In addition to platforms in shallow water, onshore fields are still being paralyzed, according to the state-owned company, each facility will have its own hibernation plan.

“Such platforms and fields operate with higher production costs. In the case of platforms, due to the drop in oil prices, they started to have negative cash flow”, said Petrobras

“Such planning includes, among other things, risk analysis and the necessary actions will be taken to preserve the safety of people, the environment and facilities. Some assets are undergoing a divestment process and the hibernation will not affect the continuity of this process.”

Marta Garcia, emphasizes that the employees of the paralyzed facilities will have access to all the alternatives foreseen in the current personnel plan for the management of the Portfolio: internal reallocation according to the Company's needs, Voluntary Retirement Program (PDV) and termination by agreement.