Petrobras to spend $68.8B on E&P. Plans to order 7 new FPSOs

petrobras-chart

Brazilian oil company Petrobras has set aside $84 billion dollars to spend between 2019 and 2023. Most of this will go on E&P where the company plans to boost output by putting 13 FPSOs in production, seven of which it has yet to order.

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