Capex Data
Between 2007 and 2011, Petrobras plan to invest $12.1 billion abroad, $5.4 billion more than the 2006-2010 plan had foreseen. The Exploration & Production activities abroad will get 70,2% of the investments.
The International Area will focus on Western Africa (particularly Nigeria and Angola), and on the Gulf of Mexico, because of the deep water exploration perspectives in those regions.
The second biggest part of the investments - 24.8% - will be directed to the refining and marketing activities.
Of the $12.1 billion, 28% ($3.3 billion) will be allocated in Latin America, 23% ($2.8 billion) in North America, 16% ($2 billion) in Africa, and 33% ($4 billion) in new projects.
Petrobras' corporate strategy in its 2007-2011 Business Plan is to achieve leadership in the oil, natural gas, byproduct, and biofuel market in Latin America, performing as an integrated energy company with selective expansion in petrochemicals, renewable energy, and in international activities.
Future Plans
Petrobras' corporate strategy in its 2007-2011 Business Plan is to achieve leadership in the oil, natural gas, byproduct, and biofuel market in Latin America, performing as an integrated energy company with selective expansion in petrochemicals, renewable energy, and in international activities.
The corporate goals for the International Area project producing 568,000 barrels of oil equivalent (BOE) a day by 2011, a growth of nearly 119% compared to the 2005 results, when 259,000 barrels (BOE) were produced.