The state-owned company's investments in oil and natural gas exploration activities will reach US$ 6 billion over the next 5 years. The president of Petrobras, Prates, reinforced the priority given to the Equatorial Margin and Colombia in the company's projects.

after the arrival of Jean Paul Prates to the presidency of the company, Petrobras has been reinforcing its commitment to exploration projects in new oil and natural gas reserves. Now, the company's objectives are focused on investments in the Equatorial Margin and in the Tayrona Block, in Colombia. The information was disclosed by the company during its participation in the CERAWeek 2023 fair, held in the United States this week.

Petrobras' focus for 2023 turns to investments in the exploration of the Equatorial Margin and production of natural gas in the Tayrona Block, in Colombia 

The arrival of Petrobras' new president, Prates, has been significantly modifying the company's objectives for the coming years.

With the support of the Lula government, the former senator's main goal is to investments in national projects, as well as the expansion of the exploration frontier in Brazil.

Thus, during the presentation on the panel “Latin American Upstream: Competitiveness in global markets”, at the CERAWeek fair, held in the United States, the company reinforced its interest in the Equatorial Margin and in the Tayrona Block, in Colombia.

Petrobras' Director of Exploration and Production, Fernando Borges, represented the company in the North American country, highlighting the company's objectives in expanding oil and natural gas exploration in the areas.

The company plans to apply a investment of more than US$ 6 billion for the next five years, under the command of Prates.

The company's president reinforced Petrobras' commitment to sustainability and social and economic responsibility in Brazil over the last few months. In this way, the expansion of the oil and natural gas exploration frontier can contribute to the oil company's objectives.

The Equatorial Margin has become one of the main bets for oil and natural gas exploration in the international fuel market. This is because the exploitable reserves in the region are of great importance.

The Tayrona Block, in Colombia, is the focus of the state-owned company for the Latin American market over the next few years.

State prepares to invest in exploration projects in the Tayrona Block, in Colombia, and in the Equatorial Margin for the coming months

Prates' management at Petrobras has already been of great importance for the company's approach to the Government, aiming at new exploration projects in the segment.

Now, after the company's presence on the panel “Latin American Upstream: Competitiveness in global markets”, expectations are even higher for the growth of the state-owned company's plans in the Latin American market.

Exploration of the Equatorial Margin by the company is already in planning, just waiting for IBAMA's response regarding the necessary licensing.

“The Equatorial Margin represents a promising prospect for us, as well as an asset that could contribute to the country's energy security”, said Fernando Borges.

are foreseen more than $2,9 billion in investments for the region over the next few years, boosting national exploration projects.

In addition, Petrobras reinforced that it found natural gas in the Tayrona Block, through the exploratory well Uchuva-1, drilled in deep waters off Colombia, 32 km from the coast and 76 km from the city of Santa Marta.

Thus, the coming months of Prates' tenure at Petrobras could bring strong results to oil and natural gas projects on the Equatorial Margin and in Colombia.