May 16, 2024 · But as far as the bottom line is concerned, an uptick in pre-salt lifting costs (which rose 11.9% from the year-ago period to $6.28 per barrel) meant that the upstream unit …

Aug 3, 2025 · Lifting costs remain anchored at an industry-best $6–$7 per barrel, delivering robust operating margins even as maintenance cycles and natural declines test underlying performance.

In contrast, Brazil’s offshore pre-salt fields have become some of the most cost-competitive globally. Petrobras reports pre-salt breakevens well below $40 in many cases , thanks to …

May 8, 2025 · Petrobras’s estimated lift cost in pre-salt sits near $5 per barrel, among the lowest globally. Futures markets now price Brent around $65 per barrel later this year, suggesting …

Nov 14, 2025 · Pre-salt lifting costs surge 13.3% YoY as labour dispute escalates. Dividend yield faces margin compression pressure ahead of November 27.

May 16, 2025 · Petrobras reports that its first-quarter lifting costs rose by 7.1% to $6.79/boe. The increase was due to higher services payments related to asset integrity maintenance.

In a securities filing announcing its third-quarter results, Petroleo Brasileiro SA, as the company is formally known, said the cost of lifting a barrel of oil from the offshore pre-salt formation had …

Less than a decade ago, the breakeven price for pre-salt Brazil oil production was as much as $70 per barrel of oil equivalent (BOE), reflecting the negative impact of ramp-up and lifting …

Jan 19, 2024 · Thanks to improved well productivity, the breakeven point for oil production at the so-called pre-salt fields on Brazil’s coastal shelf (taking into account capital and operating …

Jun 29, 2025 · Focus on pre-salt fields offshore Brazil, among the world’s most productive assets with low lifting costs (~$5–7 per barrel). Recent output: ~2.8 million barrels of oil …