Brazil’s Petrobras has announced a significant reduction in its planned investments for decommissioning oil and gas platforms. Under its 2025-2029 strategic plan, the state-run oil firm will invest $9.9 billion, down from the $11 billion estimated for the 2024-2028 period.
🔑 Key Updates:
1. Petrobras now plans to decommission 10 floating platforms instead of the previously planned 23 platforms.
2. The platforms are primarily located in Brazil’s Campos Basin (7), with others in the Santos (1) and Espirito Santo (2) basins.
3. This reduction comes from “optimizations of decommissioning activities,” according to Petrobras.
In an exciting development, Petrobras is exploring the revitalization of decommissioned platforms, potentially repurposing them for future projects. A working group is evaluating four platforms as part of this initiative, which could reduce environmental impacts and maximize the utility of existing assets.
As the energy sector transitions, innovative strategies like platform revitalization could reshape decommissioning practices, balancing cost-efficiency and sustainability.