Petrobras reduces E&P investments and the Buzios oil field to represent 70% of E&P investments – Oil and gas installations

Petrobras reduces E&P investments and the Buzios oil field to represent 70% of E&P investments – Oil and gas installations

Petrobras revised its exploration and production (E&P) segment portfolio in a filing with the U.S. Securities and Exchange Commission earlier this month. Citing the effects of COVID-19 on its business, Brazil’s national oil company said it would focus on assets in deep and ultra-deep water. He estimated an E&P Capex of around $ 40-50 billion […]

The post Petrobras reduces E&P investments and the…

View On WordPress