Petrobras downgrades project portfolio for 2011-2014
March 30, 2010
Petrobras has decreased its project portfolio investment for 2011-2014 from $148 billion to $139 billion.
Offshore staff
RIO DE JANEIRO -- Petrobras has decreased its project portfolio investment for 2011-2014 from $148 billion to $139 billion.
The company’s board has approved $257 billion worth of projects for after 2014. According to the company, the investments aim to increase oil and natural gas production, taking advantage of success in the post- and pre-salt, and exploratory activities.
The E&P project portfolio includes construction of production platforms and drilling rigs, support vessels, and investments in transportation infrastructure.
