These measures are part of Petrobras plan communicated to the market on 26 March and is part of a series of actions to preserve jobs and the company’s sustainability in what is the worst crisis in the oil industry in a 100 years.
According to Petrobras, these platforms do not have the economic conditions to operate with low oil prices and are active in sales processes. Also, the shutdown of these units corresponds to Petrobras’ plan to reduce its production.
Petrobras noted that, 80 % of these platforms are not manned, and employees who work on other units will not be dismissed because they will all be relocated to other Petrobras organizational units.
To face this unprecedented crisis that combines an abrupt fall in demand and oil prices, Petrobras also disbursed lines of credit, cut and postponed investments, and reduced operating expenses and personnel expenses.
