26/02/2014 15:00 – Portal Brasil

The Board of Directors of Petrobras approved on February 25th, the Business Plan and Management of the company for the period 2014-2018 and the Petrobras Strategic Plan 2030. For the first fixed period of 2014-2018 the investments are to be US$ 220.6 billion and focuses on the short and medium term. In the long-term, the goal for the business is, by 2030, to be one of the five largest integrated energy companies in the world.

The Petrobras Strategic Plan 2030 provides for the growth of oil production from Petrobras until 2020 and its sustainability in the period 2020-2030, with the potential to produce an average of four million barrels of oil per day (bpd). This production target is founded on the different rhythms of auctions that will be promoted by the government, in which the company provides to the data available today that oil production in Brazil, including that which Petrobras own and others, reach the average 5.2 million bpd over the period 2020-2030.

From the growth of oil production, the plan defines strategies for the other segments of the company. The emphasis is on the integrated operation of oil and natural gas, with the expansion of refining capacity to 3.9 million bpd in 2030 and the growing supply of natural gas to the Brazilian market.

Internationally, the Strategic Plan recommends emphasis on the exploitation of oil and gas in Latin America, Africa and the United States. The plan establishes guidelines for corporate activities of the company in the areas of profitability, social responsibility and integrated growth. The statement stated one of the challenges is to maintain the technological system recognized for providing technologies that contribute to sustainable growth of the state.