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 strategies are being considered to reduce the decline rate of production in the fields?

How is the replacement of older fields with more productive ones expected to affect total production?