Finance

Pre-salt push: Petrobras to slash upstream budget by up to 37% as Covid-19 bites

Brazilian state giant streamlines capital expenditure again and is likely to offer more assets for sale

Super-producer: the Petrobras-owned P-74 FPSO on the Buzios pre-salt field off Brazil
Super-producer: the Petrobras-owned P-74 FPSO on the Buzios pre-salt field off BrazilPhoto: PETROBRAS
  • Gareth Chetwynd
London
Published 15 September 2020, 11:40Updated 15 September 2020, 16:54
PetrobrasBrazilBuziosAmericasSouth America