PETROBRAS WILL INVEST U$ 18 BILLION IN BUZIOS BY 2024

DEC 4, 2019

Buzios field, in the Santos Basin pre-salt, will receive about 28% of the $ 64 billion that Petrobras will invest in exploration and production by 2024, equivalent to about $ 18 billion.

The large volume of investments reflects the need for the state-owned company to develop the field. As is well known, Petrobras, in partnership with the Chinese CNOOC and CNODC, bought the excess volumes of Buzios during an auction held last month.

In addition to the US $ 18 billion in Buzios, Petrobras plans to disburse about US $ 12.8 billion in the other pre-salt fields: Lula, Jubarte, Sepia, Atapu, Mero, Sapinhoá, Itapu and Berbigão / Sururu. The value represents 20% of the total that the oil company will invest in E&P by 2024. In the case of post-salt fields, resources are estimated at US $ 18.56 billion.

 

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