Petrobras to spend US$ 111 billion in five years to consolidate as South America’s top oil and gas producer

Thursday, November 21st 2024 - 10:21 UTC

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Brazil’s oil and gas giant, Petrobras plans to spend US$ 111 billion in the five years between 2025 and 2029, with US$ 77 billion of this total earmarked for oil and gas exploration and production activities, according to a securities filing, and making the country South America’s main oil and gas producer. Read full article

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FortHay
“Stemming natural depletion at mature fields . . .” likely will mean fracking, a technique that re-vitalized US production. Look for jobs with Halliburton, Schlumberger and Baker Hughes.
Nov 21st, 2024 - 04:55 pm - Link - Report abuse 0
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