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Petroleo Brasileiro SA- Petrobras ( (PBR) ) has provided an update.
On January 22, 2025, Petrobras announced an extension of the charter period for the FPSO Cidade de Angra dos Reis at the Tupi field by five years until 2030. This agreement, part of the Tupi consortium which includes Shell, Petrogal, and PPSA, aims to improve production efficiency and reduce emissions, aligning with Petrobras’s 2025-2029 Business Plan. The FPSO has been operational since 2010 and plays a crucial role in offshore exploration in Brazil.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, formally known as Petróleo Brasileiro S.A., is a Brazilian petroleum corporation that operates in the oil and gas industry. It is primarily involved in the exploration, production, refining, and transportation of oil and natural gas, with a significant focus on offshore drilling in Brazil’s pre-salt layer.
YTD Price Performance: 4.31%
Average Trading Volume: 14,583,493
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $85.21B
See more data about PBR stock on TipRanks’ Stock Analysis page.
