Petrobras unveils 2030 recovery strategy

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.

Recent Posts

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

2 hours ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

6 hours ago

BP-Eni joint venture Azule enters Namibia’s Orange Basin

Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More

8 hours ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

12 hours ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

22 hours ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

1 day ago

This website uses cookies.