Brasil2/iStock through Getty Photographs
Petrobras (NYSE:PBR) plans to spend $16B to revitalize the Campos Basin offshore Brazil, aiming for manufacturing reaching 900K boe/day by 2026, together with 600K boe/day from new initiatives, the corporate mentioned Wednesday in its 2022-26 strategic plan.
Petrobras (PBR) mentioned it plans to put in three new FPSOs and interconnect greater than 100 oil rigs within the space over the subsequent 5 years.
In line with the strategic plan, Petrobras (PBR) plans so as to add 20B boe to its reserves by 2030, together with 5B boe from the Campos Basin, which accounted for 25% of the corporate’s whole manufacturing in 2021.
“We hope to copy the success of Guyana,” the corporate’s head of institutional relations, Rafael Chaves, reportedly instructed the Offshore Know-how Convention in Houston.
Final month, Petrobras (PBR) mentioned it made one other oil discovery within the Campos Basin, racking up one other discover in Brazil’s offshore pre-salt space.
