Petrobras confirms decline in offshore production costs and announces drilling two well in Colombia

(PN) The director of Exploration and Production at Petrobras, Joelson Mendes, said that the resilience and competitiveness of the company’s portfolio of E&P areas, depending on the production profile, is more efficient due to the technological solutions developed to reduce emissions . Joelson participated in the “Global Competitiveness of Latin American Upstream” panel at CERAWeek, which is being held in Houston. The panel brought together representatives of the energy industry in Latin America, who recognize Brazil as the most promising area for investment in the region

The executive highlighted that the company has once again invested in the exploration of new areas and that the new technologies adopted have made it possible to substantially reduce the cost of wells compared to the beginning of pre-salt exploration, around 15 years ago. “The history of Petrobras comes from exploration. We have no history of acquiring areas. We have internal programs that have allowed us to increase our discovery possibilities and reduce well costs.“

The company’s forecast is to invest US$7.5 billion over the next five years in prospecting and exploring for oil and gas in areas, for example, in the Santos Basin, Pelotas Basin and Equatorial Margin. The director also announced that Petrobras intends to drill two exploratory wells in Colombia (Tayrona) and highlighted the development of the area in deep waters in Sergipe, in Northeast Brazil. The company has also been investing in digital technologies for reservoir characterization. In this sense, it estimates investing around US$4 billion to acquire high-resolution seismic data by 2028.