Petroleo Brasileiro SA- PetrobrasThe PBR) released an update.
Petrobras has started the procurement process for two FPSO oil production units as part of the Sergipe Deep Waters Project in Brazil. Using the Build-Operate-Transfer model, these units are planned to develop oil and gas production, with the first expected to start operating in 2030. This strategic move is expected to strengthen domestic gas supply and provide significant benefits to shareholders.
For more information on PBR stock, check out TipRanks’ Stock Analysis Page.
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