Petrobras announces investments of 68 billion US dollars over the next 5 years

Petrobras has announced its intention to make investments in the order of US $ 68 billion between 2022 and 2026. | Photo: Agence Petrobras

Petrobras announced its intention to make investments in the order of 68 billion US dollars between 2022 and 2026. The decision was taken by the board of directors of the company on Wednesday (24), when the plan was approved. strategic for the five-year period 2022-2026. The value is 24% higher than the same period of the previous plan. “Petrobras maintains its consistent strategy of focusing on projects with the full potential to generate resources and contributions to Brazilian society. We favor the transformation of resources into wealth for the country while following the sustainable path of energy transition. We have broadened our investment forecast for the coming years and we do so with extreme responsibility and diligence in the allocation of resources, ”said Petrobras President Joaquim Luna e Silva.

Most of the resources will be allocated to the field of exploration in oil and natural gas (E&P) production, where US $ 57 billion will be invested between 2022 and 2026. fields, with a change in the contractualization strategy of chartered units by the company itself in some of the projects. The company has maintained its earlier plan for the resilience of its E&P investment portfolio, so that all proposed projects are economically viable under a medium to long term oil price scenario of US $ 35 per barrel. The estimated production of oil and gas for 2022 and 2026, respectively, will be 2.7 and 3.2 million barrels of oil equivalent per day.

Luna e Silva also said that the strategic plan reinforces the importance of a strong, healthy and resource-generating Petrobras. “In 2021, more than 220 billion reais are estimated between taxes collected and dividends paid to the Union and other federated entities. We will generate more and more resources that are not kept in the company’s treasury, but which return to the company in the form of taxes, dividends and investments, with a multiplier effect on the creation of jobs and the growth of the Brazilian economy. , he stated.

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