Petroleo Brasileiro SA – Petrobras (PBR) has released an update.
Petrobras has initiated the tender process for two FPSO oil production units as part of its Sergipe Deep Waters Project in Brazil. Using a Build-Operate-Transfer model, these units will improve oil and gas production, with the first expected to be operational in 2030. This strategic move is expected to increase domestic gas availability and deliver significant returns to shareholders.
For more insight into PBR stock, check out TipRanks’ Stock Analysis Page.
