Bacalhau Project Launch
Bacalhau, the first presalt project in Brazil by an international operator, started production in October with a capacity of 220,000 barrels per day. This marks a significant step in international growth.
Production Increase
Overall production increased by 7% from the third quarter of the previous year, with notable growth in NCS production at 9%.
Cost Management Success
Operating costs for the Renewables business decreased by around 50% compared to the previous year, with expectations for a 30% decrease annually.
Capital Distribution
Total capital distribution for the year is expected to be around $9 billion, including a cash dividend and a share buyback program.
Empire Wind Project Progress
The Empire Wind project in New York is progressing well with all 54 monopiles installed.