Rio de Janeiro – The president of the Brazilian oil company Petrobras, Jean Paul Prates (pictured above), this Monday (17) presented investment plans of USD 5.2 billion for implementing new gas exploration and distribution plans by the company. The announcement was made during the executive’s participation in a seminar at the headquarters of the Federation of Industries of the State of São Paulo (FIESP) in São Paulo.
The company stated in a release the 2023-27 Strategic Plan provides for the development of new exploration areas and infrastructure to add a daily capacity of up to 55 million cubic meters to the national gas supply. According to the executive manager of Petrobras Reservoirs, Tiago da Rosa Homem, the company will considerably increase the gas supply from 2025 onwards.
Prates explained how gas is reinjected into the reservoirs, which is part of the decarbonization process and increases oil production. The pre-salt gas contains a large amount of carbon dioxide (CO2) that needs to be reinjected back into the production fields with part of the natural gas. Due to the pressure conditions of the reservoirs, this process yields a greater oil output.
“This CO2 capture is the largest operation of its kind in the world. We will keep the best sustainability practices for reducing emissions and decarbonizing processes. Our duty is to produce oil and gas efficiently and with maximum decarbonization,” stated the president of the state-owned company.
Translated by Elúsio Brasileiro
