Petrobras intends to be one of the last remaining oil producers on the planet, the Brazilian energy company’s chief executive said as he outlined a $100bn-plus investment plan concentrated on offshore oil exploration and production.
Jean Paul Prates told the Financial Times that Latin America’s largest oil and gas company is considering a fresh wave of international expansion in Europe, west Africa and the Americas as part of a strategy overhaul.
The state-controlled group would also seek to establish Brazil as a leader in offshore wind, as part of a diversification push to prepare for the world’s transition away from fossil fuels, he said.
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