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Petroleo Brasileiro SA- Petrobras ( (PBR) ) has provided an announcement.
On February 15, 2025, Petrobras announced the commencement of production from the FPSO Almirante Tamandaré in the Búzios field, located in the pre-salt layer of the Santos Basin. This high-capacity unit, capable of producing up to 225,000 barrels of oil per day and processing 12 million cubic meters of gas daily, marks the field’s sixth production system. The initiative positions Búzios as a major production hub, expected to reach 1 million barrels per day by late 2025 and 2 million barrels per day by 2030. The FPSO, leased from SBM Offshore, includes advanced decarbonization technologies to reduce greenhouse gas emissions, supporting Petrobras’ sustainability goals. The Búzios consortium includes partners CNOOC, CNODC, and PPSA, enhancing Petrobras’ industry positioning.
More about Petroleo Brasileiro SA- Petrobras
Petróleo Brasileiro S.A. – Petrobras is a Brazilian petroleum corporation that operates in the oil and gas industry. The company focuses on the exploration, production, refining, and distribution of oil and gas products. Petrobras is a significant player in the global energy market with a strong emphasis on the development of Brazil’s pre-salt oil fields.
YTD Price Performance: 8.16%
Average Trading Volume: 13,847,411
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $88.83B
See more data about PBR stock on TipRanks’ Stock Analysis page.
