Petrobras CEO: Pre-salt Oil Extraction Costs $8 Per Barrel
Posted by Michelle HowardAugust 8, 2017
Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petroleo Brasileiro SA Chief Executive Officer Pedro Parente said at an event on Tuesday.
Parente also said the state-controlled company's new fuel pricing policy will reduce the chance of prices reaching below international parity.