Field_Development

Perenco works to slash costs as operations in Brazil in the red

Anglo-French independent is losing money on operations in the shallow-water Pargo cluster due to low oil prices

Losing money: the PPG-1 fixed platform in the Pargo shallow-water field
Losing money: the PPG-1 fixed platform in the Pargo shallow-water fieldPhoto: PETROBRAS
Rio de Janeiro
BrazilPerencoPetrobrasPargoCampos basin
Published 13 May 2020, 14:43Updated 13 May 2020, 14:43