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Brazil Extra - Latest News

2012-06-14

Petrobras will invest U.S. $ 236.5 billion by 2016




Petrobras announced to the market, on Thursday (14), the approval of your business plan scheduled for the period 2012-2016. The investment will be U.S. $ 236.5 billion in the period, the value 5.25% higher than the $ 224.7 billion under the previous plan (2011-2015).

The state's investment plan provides $ 141.8 billion in exploration and production of oil and natural gas. The average annual investment is $ 47.3 billion.

But the refining segment, which has caused damages to the company, will have $ 65.5 billion, 27.7% of the total. According to the document, Petrobras must submit cash flow between $ 38 billion and $ 44 billion by 2016.

The production goal for 2016 is 3.3 million barrels of oil equivalent per day (boe / day) in the country. To achieve the goal, the company says should create three executive managers (not yet defined).

Petrobras considers Brent crude oil prices between 90 and 100 dollars a barrel in your investment plan. The previous plan considered the price of crude between $ 80 and 95.

The new investment plan was approved on the night of Wednesday (13) by the state board of directors, chaired by Finance Minister Guido Mantega.

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