Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
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Petrobras has unveiled its Strategic Plan 2050 and Business Plan 2025-2029, aiming for a sustainable future while focusing on low-cost oil production and low-carbon initiatives. The company plans to invest $111 billion over the next five years, prioritizing projects with high economic and environmental resilience. With an ambition to maintain its energy supply dominance, Petrobras is set to deploy advanced production systems to achieve a daily output of 3.2 million barrels of oil and gas equivalent by 2029.
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