RIO DE JANEIRO, BRAZIL – Petrobras intends to invest US$68 billion in the 2022-2026 period. Of this amount, US$57 billion will be allocated to the oil exploration and production segment, 67% of which will be directed to the deep water “pre-salt” fields.
The company continues to focus on the sale of non-essential assets. The goal is to divest between US$15 billion and US$25 billion.
According to the state-owned company, this will contribute “to improving operational efficiency, return on capital and cash generation required to maintain debt at an adequate level, as well as sustain the best investment opportunities.”
In a statement sent to the Brazilian Securities and Exchange Commission (CVM), Petrobras CEO Joaquim Silva e Luna said that the company “maintains its consistent strategy of focusing on projects with full potential to generate resources and contributions to Brazilian society.”