Petrobas CEO Parente: Productivity in Oil Fields Rising

The video discusses a new business plan that reduces capital expenditure (CapEx) to its lowest in a decade while tripling production growth over five years. This is achieved through increased productivity, postponement of investments, and leveraging delayed platforms. The Campos Basin faces a 9% decline rate, but strategies to reduce this include working with partners and increasing recovery rates. The pre-salt fields are highlighted for their productivity, allowing for replacement of declining fields and overall production increase.

What is the main reason for the reduction in capital expenditure while maintaining production targets?

• New drilling technology

• Increased productivity in the fields

• Higher oil prices

• Government subsidies

How does the company plan to manage its capital expenditure in the coming years?

• By reducing the workforce

• By selling off assets

• By postponing certain investments

• By increasing the number of wells

What is the expected average decline rate in the Campos Basin?

• 5%

• 9%

• 15%

• 20%

What strategy is being used to counteract the decline rates in the Campos Basin?

• Investing in renewable energy

• Reducing the number of employees

• Working with partners to improve recovery rates

• Increasing the number of platforms

What advantage do the pre-salt fields offer in terms of production?

• They are cheaper to operate

• They have higher oil prices

• They require fewer workers

• They can replace lost production and increase total output