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Petrobras revising projects for new business plan

07/14/2008
The chief executive officer of Brazil’s Petroleo Brasileiro SA (Petrobras), revisiting proposed changes in the country’s oil law, said the state firm will present a new business plan later this year.Sergio Gabrielli, speaking at the 4-day World Petroleum Congress in Madrid, said the company is revising 25 projects to be included in the new plan, which also would include developments in Brazil’s promising presalt offshore area.Gabrielli’s statement appears to differ from an earlier decision by the government to withdraw 41 promising oil blocks in the presalt area from a coming exploration and production block auction.According to reports, the blocks were withdrawn w...
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