Petrobras aims to produce 2.2 mi bpd by 2024

Last Thursday (28), Petrobras released its 2020-2024. Among the projects mentioned, the state intends to 2.2 million barrels of oil per day in 2020, with a from 2.5% to more or less. For 2019, the company planned a slightly lower target, with a target of 2.1 million barrels per day.

By the end of 2024, the company already hopes to achieve a oil production of 2.9 million barrels per day. With regard to production the company’s total oil and natural gas, the target is equal to the one that was established for 2019: 2.7 million barrels of oil equivalent (BOE) per day, ranging from 2.5% to more or less. At the end of the plan, it is expected to total oil and gas production of 3.5 million BOE/day.

In addition, Petrobras also included a goal of “production oil and gas, in order to represent the economic impact on the company’s results, deducting from its natural gas production the volumes of gas reinjected into reservoirs, consumed on platforms and burned in the processes Productive.

With the exception of about 100,000 barrels of oil equivalent fields in Nigeria and Green Turtle, whose transactions have already been signed and the closures are close to happening, the state does not provides for no divestment process for the period.


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