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Petrobras ups capex to focus on deepwater pre-salt plays

PETROBRAS is increasing capital expenditure by 13% for the period ending 2023 in its latest five-year plan, compared with last year’s outlook, as part of a reorganisation that will see the Brazilian state oiler spin-off some business units and bring partners into its refining business.

Helen Clark
Petrobras ups capex with lion's share to E&P for deepwater, pre-salt focus

Petrobras ups capex with lion's share to E&P for deepwater, pre-salt focus

Capital expenditure for exploration and production, refining, transporting and marketing will be US$78.4 billion for the period, with another $5 billion earmarked for gas development, $300 million for...

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