Petrobras — Form 6-K (29/06/2015): Plano de Negócios e Gestão 2015–2019

The Board approved the 2015–2019 Plan on June 26, 2015, with total investments of US$130.3 billion (E&P 108.6; Supply 12.8; Gas and Power 6.3; other areas 2.6), a 37% reduction from the previous plan.

Excerpt: “Total investments have been reduced 37% in relation to the previous Plan”

Source: Petrobras — Form 6-K (29/06/2015): Plano de Negócios e Gestão 2015–2019 — Petróleo Brasileiro S.A. — Petrobras (SEC), June 29, 2015 · 6-K of June 29, 2015, table '2015-2019 Business and Management Plan (US$ Billion)' and paragraph on the reduction · open original ↗

Release (primary) · full text examined · accessed on Oct. 24, 2026

Limitations: Plan assumptions: Brent of US$60/bbl in 2015 and US$70/bbl in 2016–2019 and an exchange rate of R$3.10 to R$3.29; the actual average Brent in 2016 was US$43.64 (EIA). The 6-K cites the divestment of US$15.1 billion in 2015/2016 as part of the deleveraging plan.

In the 2015–2019 plan statement, Petrobras reported that production targets were updated due to postponements of less mature projects and delays in the delivery of production units, largely because of limitations of Brazilian suppliers.

Excerpt: “largely due to limitations of Brazilian suppliers”

Source: Petrobras — Form 6-K (29/06/2015): Plano de Negócios e Gestão 2015–2019 — Petróleo Brasileiro S.A. — Petrobras (SEC), June 29, 2015 · 6-K of June 29, 2015, section 'Oil, NGL and Natural Gas Production Curve' · open original ↗

Release (primary) · full text examined · accessed on Oct. 24, 2026

Limitations: The statement does not name suppliers or say how much of the limitations results from Lava Jato.