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State recognizes devaluation of BRL 65,3 billion in several of its oil producing fields
Petrobras has lived, but it has suffered. This time, due to the devaluation of the price of a barrel of oil, the drop in demand for the commodity and derivatives and the excess supply worldwide, Petrobras recognized a devaluation of R$ 65,3 billion in several oil-producing fields. Petroleum.
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The state-owned company reassessed the economic recoverability of assets in the face of the current crisis in the world oil industry. According to the company, in its financial statement, “there will be a structural change in the world economy, as permanent effects of the shock caused by the current crisis on the economy are expected, as well as a change in consumer habits, already observed today. , which tends to be perennial”.
With the current scenario, Petrobras has revised down the value of several deepwater fields, mainly in Roncador, Marlim Sul; Polo Norte, Albacora Leste, Polo Berbigão-Sururu, Polo CVIT and Mexilhão. The devaluation of this set of assets reached R$57,6 billion.
Losses related to shallow water fields added up to R$ 6,625 billion. “The impairment of the shallow water fields corresponds to 100% of the book value of these assets, which had an average production of 23 thousand barrels of oil per day”, detailed the oil company.
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