Brazil's Petrobras to spend $6 billion through 2024 to dismantle platforms, pipelines and wells
Reuters
Published Sep 28, 2020 05:17PM ET
RIO DE JANEIRO (Reuters) - Brazil's state-controlled oil producer Petroleo Brasileiro SA (SA:PETR4) plans to spend $6 billion through 2024 to decommission 18 offshore platforms, underwater gas pipelines and offshore wells, the company said in a securities filing.
In a presentation filed to the securities regulator, Petrobras, as the company is known, said it predicts proceeds of $1 billion from divestments in 2020, after receiving $14.4 billion from asset sales in 2019.
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Written By: Reuters
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