These projects include investments in exploration and production to great depths in the Atlantic Ocean, in the new frontier called pre salt. Exploration and production investments represent 71% of the total projected investment. On the location of investments, the oil company announced that 90% of the investments will have targeted Brazil, while only the remaining 10% will be allocated to foreign investment. It is worth remembering that in the last time, in Brazil major oil deposits have been discovered. The downside is that they are under an extensive layer of salt. The deposits of the pre salt represented a technological challenge to the modern oil industry, since they are in depths of up to 7,000 meters from sea surface beyond of a layer of salt (which can exceed 2,000 meters), gelatinous State. In relation to the above, within the announced investment plan, the President of the oil company He said that the company will invest in extraction in three megacampos of oil discovered in the year 2007 in the Santos basin, 6,000 meters of depth.
On the other hand, between areas where Petrobras announced it will invest, the company spread that it will allocate $2.4 billion to expand its market share of ethanol and biofuels, $16,800 million in the petrochemical area and $10,600 m in the gas and power sector. Jose Sergio Gabrielli, said the following about the investment plan: significantly increases productive capacity and in the long run leads to Petrobras to be one of the largest companies in the world's energy. The plan of the company calculates a price of USD 42 reference barrel for Brent oil, a price estimated with high probability of occurrence (it is likely that in little more than one year, the oil price exceeds the target price on which the estimates were). On the way it is It will finance the investment plan, the oil company estimated get between 25% and 35% of funding through several sources, including Brazilian and international banks. So far, investments by the oil company will amount to US $28.600 million (with a $37 barrel of Brent reference price) for 2009. These $28.600 million, Petrobras has boxed US $10,500 billion and the rest would get through the financial market (where the main financier is BNDES). This announcement of investments appears in a moment in which the Brazilian economy was troubled by bad news about their performance that show the strong impact of the international financial crisis on it, so it said announcement represents a bit of relief based on the Outlook for the economy this year. With this investment plan, Petrobras strengthens its good prospects for the medium and long term although perhaps for the Brazilian petroleum, 2009 will be a difficult year since it is expected that their results are reduced, according to Morgan Stanley analysts, by 60% in relation to 2008 if remain low international prices of crude oil (below the US $50 barrel).
On the other hand, between areas where Petrobras announced it will invest, the company spread that it will allocate $2.4 billion to expand its market share of ethanol and biofuels, $16,800 million in the petrochemical area and $10,600 m in the gas and power sector. Jose Sergio Gabrielli, said the following about the investment plan: significantly increases productive capacity and in the long run leads to Petrobras to be one of the largest companies in the world's energy. The plan of the company calculates a price of USD 42 reference barrel for Brent oil, a price estimated with high probability of occurrence (it is likely that in little more than one year, the oil price exceeds the target price on which the estimates were). On the way it is It will finance the investment plan, the oil company estimated get between 25% and 35% of funding through several sources, including Brazilian and international banks. So far, investments by the oil company will amount to US $28.600 million (with a $37 barrel of Brent reference price) for 2009. These $28.600 million, Petrobras has boxed US $10,500 billion and the rest would get through the financial market (where the main financier is BNDES). This announcement of investments appears in a moment in which the Brazilian economy was troubled by bad news about their performance that show the strong impact of the international financial crisis on it, so it said announcement represents a bit of relief based on the Outlook for the economy this year. With this investment plan, Petrobras strengthens its good prospects for the medium and long term although perhaps for the Brazilian petroleum, 2009 will be a difficult year since it is expected that their results are reduced, according to Morgan Stanley analysts, by 60% in relation to 2008 if remain low international prices of crude oil (below the US $50 barrel).
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