Government Launches Onshore Oil and Gas Production Program

The portfolio estimates that investments in onshore oil and gas exploration and production will rise from the current level of R$1.6 billion per year to approximately R$4 billion per year, with the prospect of generating roughly 700,000 jobs.

RIO DE JANEIRO, BRAZIL - The Ministry of Mines and Energy launched yesterday, August 22nd, the REATE 2020 -- Program for Revitalization of the Activity of Exploration and Production of Oil and Natural Gas in Land Areas. According to Minister Bento Albuquerque, the goal is to double production in ten years . . .

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