Buzios will receive one third of E&P investments

Dec 18, 2019

Petrobras plans to invest U$ 49.5 billion in production development projects between 2020 and 2024

The Buzios field, in the Santos Basin pre-salt, will receive the largest volume of investments foreseen in the Petrobras 2020-2024 Strategic Plan. The projection is that the asset will absorb U$ 18 billion over the next five years, which corresponds to 28% of the resources allocated to E&P activities (U$ 64.3 billion).

Of this total, U$ 49.5 billion will be invested in offshore production development (77%), while U$ 11.57 billion (18%) will go to the exploration segment. The remaining E&P investment will be allocated to land projects and research and development activity.

Source: Petrobras