BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 29.Jan.2025) — Petrobras reported reserve additions of 1.3 billion barrels of oil equivalent (bn boe) in 2024, which translated into a reserve replacement rate of 154%.
The rise in reserves came amid a “focus on profitable assets and keeping alignment with the search for a just energy transition, generating value for society and shareholders,” Petrobras said 29 Jan. 2025 in an official statement.