Brazil’s Petrobras plans to invest US$68 billion between 2022 and 2026

Of this amount, US$57 billion will be allocated to the oil exploration and production segment.

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 . . .

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