According to a Petrobras executive, R$ 31 billion will be invested in the exploration of fields, mainly Equatorial Margin and Colombia.| Photo: Petrobras/disclosure

Petrobras announced, this Tuesday morning (7), that it will prioritize investments in oil and gas exploration in fields on Brazil’s Equatorial Margin, between the North and Northeast of the country, and on the coast of Colombia over the next five years. The statement was given by the director of exploration and production, Fernando Borges, during a participation in the CERAWeek 2023 fair, in the city of Houston, in the United States.

According to the executive, approximately US$ 6 billion (R$ 31 billion) will be invested in the exploration of the fields, both in terms of extraction and sustainability.

“The Equatorial Margin represents a promising prospect for us, as well as an asset that could contribute to the country’s energy security”, he said, noting that US$ 2.9 billion (R$ 15 billion) will be invested there, corresponding to 49% of the budget for exploration activities. This field is located on the Brazilian coast between the states of Amapá and Rio Grande do Norte.

Exploration in Colombia is carried out in the Tayrona block, in deep waters off the coast of the city of Santa Marta, where Petrobras is the operator of the field in partnership with Ecopetrol.