Petrobras wants to increase 50% of production capacity

Petrobras President Roberto Castello Branco said the state-owned company intends to increase its oil exploration capacity by 50% by 2025. According to him, the company will drill up to 58 wells and the focus of the activities will continue to be in the Santos Basin. However, Castello Branco added that the lend will also bet on other new areas.

The statement was given during an online event last Thursday (28). The president also said he believes in the importance of fossil fuels for development. "Most of the things we do in everyday life would be unfeasible, were it not for fossil fuels. I don't advocate fossil fuels, but rational decisions," he said.

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