Petrobrás Will Shut Down at Least 45 Offshore Production Platforms in Brazil

The production cut is part of a number of measures being adopted by the company to tackle the current oil crisis, in which the price of a barrel of crude oil has dropped to US$20.

RIO DE JANEIRO, BRAZIL - At least 45 oil and natural gas production platforms installed in Northeastern and Southeastern Brazilian states will be shut down this month. In a letter to oil worker unions, Petrobrás announced the shutdown of units, which will imply layoffs and personnel reassignments.

However, these measures contribute little to the target of cutting 200,000 barrels per day (bpd) announced to tackle the crisis. Many platforms are expected to be halted, and hundreds of employees laid off, in the coming months due to a lack of in-house relocation places.

The production cut is part of . . .

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