Jonathan Wheatley- Financial Times, 03/22/2010
Petrobras, Brazil’s national oil company, plans to invest $224bn between 2010 and 2014 as it begins to produce oil from its potentially vast deep water pre-salt fields,discovered in 2007.
The plan includes ramping up production from 2.7m barrels of oil and gas per day in 2010, to 3.9m bpd in 2014 and 5.4m bpd by 2020.
“No other oil company has plans for such a rapid increase in production of oil and gas as we do,” said Sérgio Gabrielli, chief executive.
Brazil Portal 