Brazil’s Pre-Salt Extraction Costs Fall To $8 Per Barrel

Not too long ago Brazilian state oil company Petrobras was the
most indebted oil & gas company in the world. The
long-suffering company has faced dire mismanagement while being
weighed down by allegations of involvement in Brazil’s widespread
corruption. But that’s all changing. Despite being a subject of the
massive Lava Jato investigation, in which executives are accused of
accepting bribes in exchange for contracting construction firms at
inflated rates, things are turning around for Petrobras. Now,
thanks to new management and…

Not too long ago Brazilian state oil company Petrobras was the
most indebted oil & gas company in the world. The
long-suffering company has faced dire mismanagement while being
weighed down by allegations of involvement in Brazil’s widespread
corruption. But that’s all changing. Despite being a subject of the
massive Lava Jato investigation, in which executives are accused of
accepting bribes in exchange for contracting construction firms at
inflated rates, things are turning around for Petrobras. Now,
thanks to new management and…