(Energy Analytics Institute, 18.Nov.2024) — Rio de Janeiro-based state oil giant Petrobras reiterated that the proposal for its 2025-2029 Business Plan was deliberated by its Executive Board on 14 Nov. 2024.
However, the plan will still be considered by the Board of Directors (BODs) at a meeting scheduled for 21 Nov. 2024, the company announced 18 Nov. 2024 in an official statement.
The proposed five-year business plan includes the following:
– Total investments of $111bn,
– Investments of around $77bn in the Exploration & Production (E&P) segment, of which $7.9bn will be destined for exploration,
– Projected total production of 3.2 million barrels of oil and gas equivalent per day (boe/d),
– Investments of around $20bn in the Refining, Transportation, Marketing, Petrochemicals and Fertilizers (RTC) segment, and
– Projection of ordinary dividends with a range starting at $45bn and flexibility for extraordinary payments of up to $10bn over the period of the plan.
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