![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/img_1.jpg\")
<\/p>\n<\/p>\n
Figure 1<\/strong> \u2013 Financial Directives for the period 2021-2025 The main Financial and Operational Directives for the period 2021-2025 are:<\/p>\n In regard to operations we have:<\/p>\n Projects, value maximization and Pre Salt priority<\/strong><\/p>\n As shown in Figure 2, Brazil\u2019s crude oil output is currently of the order of 2.1 million barrels per day. Up to 2023 the figure will be 2.3 million barrels per day and for the years to come will become stable. The percent participation of Pre Salt wells in this production is 67% and will grow to 80% until 2025.<\/p>\n Figure 2<\/strong> \u2013 Production Curve for the Exploration and Production area of Petrobras as a function of divestments. (Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\n The main E&P projects for the period involve developing the following pre- salt fields: B\u00fazios , Mero , Itapu, Marlim and S\u00e9pia \u00a0as in Figure 3. There will also be significant investment in the Campos Basin, where most of the older Petrobras fields are concentrated. The estimated Capex for the chartering of FPSOs and developing the production (right of the figure) amounts to U$17 billion . It is clear that Petrobras\u2019 option is for chartering the FPSOs.<\/p>\n Figure 3<\/strong> \u2013 Main E&P Projects for the period 2021-2025 Figure 4 shows the total investments for E&P activities in the period considered. It amounts to U$46.5 billion and 70% of this total is concentrated in the Pre Salt fields and 30% in Post Salt fields.<\/p>\n Figure 4<\/strong> \u2013 Investments in E&P for the period considered Petrobras is in the process of repositioning its refining activities. Pre-salt exploration and production projects are being conducted in partnerships between Petrobras and other operators, on a model applied by other firms around the world and considered a model of success. In refining, Petrobras position is absolute: it operates its 12 refineries, two hydrogenated fertilizer plants and one naphthenic oil plant on its own. One other refinery, Comperj, is yet to be completed \u00a0in Rio de Janeiro State.<\/p>\n The present Strategical Plan points to a major change in the refining model in Brazil, opening to other enterprises the possibility of establishing a partnership with Petrobras to operate some of the refineries or\u00a0\u00a0 even the possibility of acquiring\u00a0\u00a0 some refineries from Petrobras . The scope of \u00a0the \u00a0divestments \u00a0in the refining activities may extend beyond the refineries themselves to include the related pipelines. The process is now ready for\u00a0 submission to the market\u00a0 and Petrobras shall keep in the assets portfolio only\u00a0 the refineries near the consumption market or near the coastline.\u00a0 Figure 5 shows the evolution of this process.<\/p>\n Figure 5<\/strong> \u2013 Refineries to be divested and refineries to be retained by Petrobras As can be shown in Figure 5, Petrobras will retain REDUC, REPLAN. RPBC, REVAP and RECAP.\u00a0 The other refineries\u00a0 will\u00a0 be divested or in some cases, a partnership shall be considered.\u00a0 The marketshare<\/em><\/strong> to be retained by Petrobras in the case of\u00a0 divestments is about 60%.<\/p>\n <\/p>\n For the period considered, Figure 6 shows that the main investments in refining activities are related to:<\/p>\n Petrobras\u2019 decision as not to be a protagonist in natural gas transportation and distribution is clear in the Strategical Plan.<\/p>\n As can be seen in Figure 7, Petrobras reduces substantially its participation in the vaporization terminals and in the operation of Natural Gas Treatment Unities\u00a0 keeping only one of the four unities existing today in Brazil.<\/p>\n Figure 7<\/strong> \u2013 Portfolio of the activities for the Petrobras\u2019\u00a0 Area of Energy and Gas for the period 2021-2025 In regard to transportation and distribution Petrobras\u2019 will have no participation\u00a0 at all. The investment resources for these activities will be redirected to the Pre Salt fields. The thermal plants assets will be reduced from the present 17 plants to 10 and the participation that Petrobras\u2019 still have in other 13 plants will be sold.<\/p>\n Figure 8 shows the Capex to be invested for those activities.<\/p>\n Figure 8<\/strong> \u2013 Capex for Petrobras\u2019 Energy and Natural Gas for the period 2021-2025 Petrobras activities in Renewable Energies for the period considered are restricted to Bio-Refining and Renewable Diesel Oil with low carbon grade. This can be seen in Figures 9 and 10.<\/p>\n Figure 9<\/strong> \u2013 Bio-Refining priority in Renewable Energies, period 2021-2025 In Figure 9 Petrobras states that the technological challenges of Bio Refining has been surpassed and now the challenge is regulation.<\/p>\n Figure 10<\/strong> \u2013 Benefits of the low grade renewable Diesel Oil Figure 10 shows the benefits of Low Carbon Renewable Diesel Oil.[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":" [vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text] Financial Directives for the period 2021-2025 Figure…<\/p>\n","protected":false},"author":1,"featured_media":172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-167","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-oil-gas"},"_links":{"self":[{"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/posts\/167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/comments?post=167"}],"version-history":[{"count":17,"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/posts\/167\/revisions"}],"predecessor-version":[{"id":242,"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/posts\/167\/revisions\/242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/media\/172"}],"wp:attachment":[{"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/media?parent=167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/categories?post=167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/astrotecnologia.net\/en\/wp-json\/wp\/v2\/tags?post=167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\n\n
\n
Exploration and Production (E&P)<\/h2>\n
![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/img_2.jpg\")
<\/p>\n![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/img_3.jpg\")
<\/p>\n
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\n![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/figure_4.jpg\")
<\/strong><\/p>\n
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\nRefining<\/h2>\n
![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/figure_5.jpg\")
<\/strong><\/p>\n
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)
\n<\/strong><\/p>\n![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/figure_6.jpg\")
<\/p>\n
\nFigure 6 \u2013 <\/strong>Capex of the Refining activity for the period 2021-2025
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\n\n
Natural Gas<\/h2>\n
![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/img_7.jpg\")
<\/p>\n
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\n![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/img_8.jpg\")
<\/p>\n
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\nRenewables<\/h2>\n
![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/img_9.jpg\")
<\/p>\n
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\n![\"\"](\"https:\/\/astrotecnologia.net\/en\/wp-content\/uploads\/2021\/05\/img_10.jpg\")
<\/p>\n
\n(Source : Petrobras\u2019 Strategical Plan 2021-2025)<\/p>\n