Petrobras unveils 2030 recovery strategy

Petrobras unveils 2030 recovery strategy

RIO DE JANEIRO, January 7, 2022 – Petrobras has launched an initiative to unlock 20 billion boe in its operated fields by 2030, Brazil’s state-owned E&P company announced on Tuesday.

The RES20 programme will target new reserves and the company’s pre-salt Buzios, Tupi and Mero plays.

 

“Our excellent pre-salt assets, the opportunity for technological development and the application of high-resolution seismic studies represent levers for us to achieve our objective,” said Fernando Borges, director of E&P at Petrobras.

The plan involves using digital technologies such as big data, artificial intelligence, cloud processing, augmented reality and digital models.

Petrobras currently produces 2.72 million boepd from its assets.

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