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» International Business Area– IBA
Petrobras carries several activities out abroad and maintains consistent international performance, including: exploration; petroleum procurement, technologies, equipment, materials and services; American and European economy development follow-up; financial operations with banks and stock exchanges; skilled personnel recruitment; vessel chartering; and support for international events, for example, which can be found in the Petrobras Worldwide area.
Petrobras announces its international strategies
The segment that is posed to receive most of the international investments, $15 billion in total, will be Exploration & Production, at $10.5 billion (70%). Priority will be given to projects to be carried out in Latin America, Western Africa and in the Gulf of Mexico.
The international oil, LNG, and natural gas production goals are for 436,000 barrels of oil equivalent per day (boed) in 2012 and 698,000 boed in 2015.
Petrobras will seek to boost its presence in Petrochemicals and Gas & Energy in South America. In the biofuel segment, meanwhile, the company hopes to become a global player, leading biodiesel production and rising its participation in the ethanol business.
The Unites States will get most of the investments slated to be made abroad, $4.9 billion, trailed by Argentina, Nigeria, Angola, and other investment portfolio opportunities.
View the international operating highlights in the Investor Relations area.
Investment forecast for the International area, according to the 2008-12 Business Plan.
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