Petrobras begins development of massive offshore field; Brazil targets 7.5m bpd in a decade

Saturday, February 2nd 2019 - 09:14 UTC

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Petrobras has put the finishing touches on the first wave of development at the massive offshore Brazil Lula Field, pumping first oil from the latest floating production unit to be installed at the country's largest oil and natural gas producer, the company announced on Friday. Read full article

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REF: Brazil targets 7.5m bpd in a decade

By the end of this decade, the commercial use of the Fossil Fuels may be far lesser; due to the extensive applications of the non-polluting, sustainable & cheaper alternative energy sources. This may seriously affect the profitability, which as such is already very low nowadays.
Feb 02nd, 2019 - 11:51 am - Link - Report abuse 0
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