Production

Petrobras will reduce its production by 100 thousand bpd by the end of March

Press Office
27/03/2020 02:53
Petrobras will reduce its production by 100 thousand bpd by the end of March Imagem: P66- Petrobras Agency Visualizações: 1116 (0) (0) (0) (0)

The COVID-19 crisis has caused significant reductions in demand for oil products, especially diesel, gasoline and QAV in Brazil and worldwide.

 

In this sense, the company decided to reduce a total of 100 thousand bpd of its oil production by the end of March, due to the oversupply of this product on the foreign market and the reduction in world oil demand caused by the effect of COVID-19. The company will assess market conditions and, if necessary, make new adjustments in oil production, always guaranteeing safety conditions for people, operations and processes.

 

The company continues to explore opportunities for further administrative and operating cost cuts. Given the high degree of uncertainty prevalent in the global economy, we believe it is premature to make revisions to the base scenario and oil price projections. Such reviews will be made when the uncertainties and the consequent price volatility decrease.

 

 

Most Read Today
see see
Equatorial Margin
Petrobras Obtains Authorization from Ibama for Deepwater...
21/05/25
International Event
4 Weeks to Go: North America’s Largest CCUS Event Approaches
20/05/25
Bahia Oil & Gas Energy 2025
BOGE25 to Offer Business Opportunities for Oil and Gas C...
16/05/25
Petrobras
The Búzios and Atapu fields received nearly the entire U...
13/05/25
Petrobras
Petrobras informs about shareholder remuneration
13/05/25
Pre-Salt
Petrobras informs about new oil discovery in the Santos ...
09/05/25
OTC Houston 2025
ABEMI reinforces strategic presence at OTC 2025
09/05/25
OTC Houston 2025
Oil States stands out at OTC Houston 2025 with award-win...
09/05/25
Natural Gas
Petrobras and Portobello establish unprecedented partner...
09/05/25
OTC Houston 2025
Offshore Technology Conference 2025: Waves of Innovation...
09/05/25
OTC Houston 2025
At OTC Houston 2025, Firjan takes part in MoU signing be...
09/05/25
Santos Basin
Karoon completes acquisition of FPSO Cidade de Itajaí
08/05/25
OTC Houston 2025
Brazilian company gains recognition at OTC with pioneeri...
08/05/25
OTC Houston 2025
Technology from Brazilian company Vidya is being used in...
08/05/25
OTC Houston 2025
Tenenge and Enseada are present at OTC 2025 in Houston
08/05/25
Selic Rate
Selic Rate Hike to 14.75% Signals Risks to Industry and ...
08/05/25
OTC Houston 2025
A Sergipe delegation at the fair in the USA met with Pet...
07/05/25
RD&I
ouronova and Equinor develop robots to operate in FPSO tanks
07/05/25
OTC Houston 2025
Petrobras, IBP, Sinaval, and ApexBrasil promote new busi...
07/05/25
Offshore
Decommissioning of Fixed Platforms in Shallow Waters Att...
07/05/25
OTC Houston 2025
Vesper, a leader in industrial EX Fans and Exhausters, m...
07/05/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.