RSS   Newsletter   Contact   Advertise with us

Petrobras unveils plan to boost asset sales, will invest $84.1 billion

Share on Twitter Share on LinkedIn
Staff Writer | December 6, 2018
Petrobras plans to raise some $26.9 billion via asset sales and partnerships by 2023 while boosting investments on the front edge of an anticipated production boom in Brazil.
Petrobras
LatAm   Petrobras moderately cut its oil production forecast
Petrobras intends to make $84.1 billion in investments from 2019 to 2023, above the $74.5 billion forecast in its 2018 to 2022 plan, it said in a five-year investment program.

The firm moderately cut its oil production forecast, but still forecast production to increase by 10 percent next year, and then 5 percent every year through 2023.

Petrobras is trying to stay the course on efforts to reduce one of the heftiest debt loads among oil companies worldwide - $88 billion in gross debt - through divestments and an investment focus on Brazil's coveted offshore pre-salt area.

POST Online Media Contact