Petrobras slashes lifting cost in Brazil’s pre-salt to record low

State-controlled player benefits from higher production and devaluation of local currency

Cost cutting: Petrobras exploration and production director Carlos Alberto Pereira de Oliveira — Cost cutting: Petrobras exploration and production director Carlos Alberto Pereira de OliveiraPhoto: PETROBRAS

Fabio Palmigiani

Rio de Janeiro

Brazil Petrobras Carlos Alberto Pereira de Oliveira Albacora Farfan

Published 15 May 2020, 16:25Updated 15 May 2020, 16:33