Petrobras

Petrobras is preparing a third round of renegotiations of contracts with suppliers.

Petrobras Chief Financial and Investor Relations Officer Ivan Monteiro said the oil company is preparing a third round of renegotiations of contracts with suppliers. The company’s goal is to start the year 2017 with a clearer definition of all management metrics of the new business plan – focused on cost and investment reduction.

Asked about the impact of the intensification of the reduction of investments, this year, on the production curve of the company, the Director of Exploration and Production, Solange Guedes, said she did not believe in impacts on the expected growth in production.

“As we suffered significant impacts from platform delays in recent years, we have had some early investments. It is possible to maintain the level of production with reduced investments. Our estimates were made with criteria and good risk analysis, “

Categories: Petrobras

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