Petrobras expects to add c.500,000bl/d oe to its portfolio over the next five years
Pre-salt fuelling Petrobras’ upstream ambitions
The offshore region is poised to significantly ramp up production as more midstream gas infrastructure reaches startup and divestments keep coming
Brazilian state oil firm Petrobras has big plans for the pre-salt, according to the company’s latest five-year strategy document. The NOC expects to produce 20bn bl oe over the next ten years—with the pre-salt region producing 79pc of supply by 2026—almost as much as the previous 68 years of its history combined. E&P is at the core of Petrobras’ near-term strategy. It will funnel 84pc of capex into the upstream over the next five years, while spending 63pc of that amount on the pre-salt. Barrels produced from the region will drive a 19pc jump in company production by 2026, with Petrobras guiding 3.2mn bl/d. The company’s offshore Buzios field, in the Santos basin, is key to this gr
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
