Equinor to maintain US $ 15 billion investment plan in Brazil

July 3, 2020

Equinor intends to keep its US $ 15 billion investment plan active in the country, despite the expectation of a reduction in oil prices for the long term. While combing through its entire portfolio of assets, to fit them with the new reality of the market, the Norwegian oil company ensures that the main project in the country – Bacalhau – is preserved.

The company’s executive vice president of development and production in Brazil, Margareth Øvrum, affirms, however, that in a scenario of lower prices the country has to be more competitive and that the opening of the natural gas market needs to move towards new investments.

Source: Valor

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