In the 2024-28+ Strategic Plan, Petrobras’ E&P will receive a total of US$ 73 billion in new investments.

Petrobras' Strategic Plan for the five-year period 2024-2028 (PE 2024-28+) was approved by the company in November 2023, forecasting an investment of US$ 102 billion over the next five years, a 31% increase compared to the previous cycle. The first plan of this management, PE 2024-28+, aims to prepare Petrobras for the future and strengthen the company by initiating a process of integrating energy sources essential for a fair and responsible energy transition.

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The pre-salt will receive US$ 49 billion

The CAPEX for E&P in the 2024-2028 period totals US$ 73 billion, with about 67% allocated to the pre-salt, which has a significant economic and environmental competitive advantage, producing higher-quality oil with lower greenhouse gas emissions.

The E&P segment remains relevant for the company, focusing on profitable assets and investments aligned with a long-term vision compatible with the energy transition. At the same time, the company continues large revitalization projects in deep waters (REVIT), along with complementary projects to increase recovery factors in mature fields.

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Content of the MAP:

• Map of basins showing blocks, gas pipelines/oil pipelines, refineries, UPGNs, and ports;

• Global oil production 2020 (map);

• Offshore air support (table);

• Installation of 14 new FPSOs (Brazil) in the PE 2024-2028 (table/art);

• New platforms in the Campos Basin, Búzios Field, Mero Field, and Tupi Fields in the PE 2024-2028 (table/art);

• Fleet of offshore support vessels (table);

• Offshore support ports;

• List of production units in the Espírito Santo, Campos, and Santos Basins (table);

• Oil and GN production in Brazil by concessionaire (pie chart);

• Investment in E&P in the PE 2024-2028 (pie chart);

• New platforms planned (BES, BC, and BS) in the PE 2024-2028 (map);

• Decommissioning program in the PE 2024-2028 (art);

• Petrobras in numbers - December 2023 (table).