Brazil's state-run oil firm Petrobras is weighing various options for its Polo Bahia onshore oil fields, including a potential sale, as stated by Chief Executive Magda Chambriard. This evaluation is part of a broader strategy to optimize the company's asset portfolio.
Chambriard emphasized that any decision regarding these fields will prioritize returns and shareholder interests. The Polo Bahia Terra is known for its comparatively high production costs when compared to the prolific pre-salt deepwater fields.
Considering the divestment of higher-cost assets allows Petrobras to reallocate capital to more profitable ventures, such as its deepwater pre-salt projects. This strategic move aims to enhance overall capital efficiency and improve financial performance.
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