Petrobras reports adjustments to the 2015-2019 business and management plan (Scandinavian Oil-Gas Magazine)

Petrobras reports adjustments to the 2015-2019 business and management plan

Published Jan 14, 2016

Petrobras says that its Board of Directors has approved certain adjustments to the 2015-2019 Business and Management Plan (2015-2019 BMP).

These adjustments are designed to preserve the fundamental objectives of deleveraging and the generation of value for shareholders established by the 2015-2019 BMP in the light of new oil price and exchange rate levels.

These adjustments to the investment portfolio resulted in a reduction in projected Brazilian oil production in 2016 from 2.185 million barrels per day (bpd) to 2.145 million bpd and from 2.8 million bpd to 2.7 million bpd in 2020.

Tags: Petrobras

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