Petrobras is en route to recovery and is expected to be among the six largest oil companies in the world in the medium term, even with recent cuts in investment plans. This is the opinion of the State President, Pedro Parente, at the opening of the International Conference of the Rio Oil sector & Gas.
The State recently announced drastic cut of 25% on investments in your Business Plan and management, which also included new goals of divestments to reduce the huge debt. But, according to a relative, with a production of 3,400,000 barrels of oil equivalent per day estimated for five years, Petrobras will be among the top six.
The business plan announced by Pedro Parente management in mid-September is seen as an important factor for the oil's stock sharply higher this year, about 170%. In addition, regulatory measures announced by the Government, as the end of Petrobras be single operator in the pre-salt layer, also have improved the mood of the market in relation to the oil company.
The new Government has supported the project related to the pre-salt layer, with the potential to boost oil exploration in Brazil, whose basic text was approved recently in the House. The project still relieves the need for investment by Petrobras.ACESSE AS REDES DA PANORAMA OFFSHORE: