Petrobras’ Board of Directors approved its Strategic Plan for the five-year period 2024-2028 planning to invest USD 102 billion over the next five years. The oil production curve considers the entry of 14 FPSOs in the 2024-2028 period, 10 of which have already been contracted.
A new generation of platforms is being built, more modern, more technological, more efficient and with lower emissions. With the new plan, Petrobras aims to produce 3.2 million barrels of oil and gas equivalent per day in five years. E&P CAPEX for the 2024-2028 period totals USD 73 billion, with around 67% allocated to the pre-salt.
The E&P segment remains relevant to the company, with a strategic focus on profitable assets and
investments compatible with a long-term vision aligned with the energy transition. At the same time, the company maintains significant deepwater revitalization projects (REVIT) as well as complementary projects, to increase recovery factors in mature fields.