Brazil’s state-owned Petrobras invests US$5.5 billion in exploration activities


RIO DE JANEIRO, BRAZIL – This information was given today (4) by the company’s strategy manager, Eduardo Bordieri, during the panel discussion “Petrobras perspectives on O&G double resilience” at the annual offshore breakfast of the Brazil-Texas Chamber of Commerce (Bratecc) in Houston, Texas, USA.

He said the company’s intensification of exploration efforts was due to recent oil discoveries in the pre-salt region, in the Alto de Cabo Frio Central and Aram areas.

Of the total investment in new exploration areas envisaged in Petrobras’ strategic plan, 58% is for the Southeast basins (including the pre-salt . . .

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