Rajesh's questions to Petroleo Brasileiro SA Petrobras (PBR) leadership • Q2 2025
Question
Rajesh asked for more details on the production ramp-up curve, the impact of scheduled shutdowns, and the rationale behind the partnership with ExxonMobil and Shell in the recent Amazonas blocks auction.
Answer
An executive, Sylvia, confirmed that while well efficiency drove a rapid production increase, this growth will be balanced by planned shutdowns on other platforms to ensure long-term safety and operational integrity, keeping output in the upper range of the plan. Regarding the auction, she explained that the new blocks are geologically similar to highly productive regions and that partnering with ExxonMobil, a top operator in the analogous Guyana margin, was a strategic move to share risk and expertise.