The
Brazilian
oil
giant,
which
last
month
announced
a
massive
$236.5-billion,
five-year
expansion
plan,
is
under
pressure
to
rein
in
its
spending
and
simultaneously
boost
production
from
the
lucrative
offshore
oil
fields
under
its
control.
In
a
presentation
to
analysts
and
investors
in
London,
chief
financial
officer
Almir
Barbassa
said
a
plan
for
reducing
"manageable
costs"
across
the
company
will
be
finalised
over
the
next
four
months.
"Right
now,
we
are
identifying
opportunities
for
cost
reduction
with
significant
and
lasting
impact,"
Barbassa
said,
Reuters
has
reported.
However,
he
did
not
give
specific
examples…
