The state-owned company’s new plan aims to balance continued investment in oil and gas with expansion in low-carbon sectors
The revealed its intention to allocate US$111 billion between 2025 and 2029, with the majority of this amount, US$98 billion, directed to projects already underway. In addition, the company will allocate US$13 billion to initiatives that are still in the evaluation phase. The Equatorial Margin was not mentioned in the plans, and most renewable energy projects are classified as under study. The state-owned company’s new plan aims to balance continued investment in oil and gas with expansion in low-carbon sectors. Oil exploration and production is the area that will receive the largest share of resources, totaling US$76 billion. Next are investments in refining, which total US$16 billion, and in gas and renewable energy, with US$3 billion.
In the projects being evaluated, renewable energy stands out with a total of US$8 billion. The plan covers investments in wind and solar energy generation, as well as bioproducts, low-carbon hydrogen and carbon capture initiatives. Petrobras also plans a significant investment of US$16.3 billion in energy transition, representing a 42% increase compared to the previous plan. In the area of exploration and production, investments grew by 5%, with the pre-salt accounting for 60% of the total. The state-owned company has the goal of implementing 10 new production systems by 2029. In addition, Petrobras seeks to establish partnerships in the renewable energy sector, aiming at decarbonization and the integration of sustainable solutions.
Published by Sarah Paula
*Report produced with the help of AI
