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With Petrobras divesting many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest $10B over the next decade.
Bandeira also highlighted that Petrobras should represent 61% of Brazilian production in 2030, compared to 84% in 2015 (Image: Money Times/Renan Dantas) With the divestments of Petrobras 🇧🇷PETR4) in mature assets, new smaller operators are expected to invest around US$10 billion over the next decade, boosting production from these assets…