By Marianna Parraga
RIO DE JANEIRO (Reuters) – Brazilian state-run Petrobras (NYSE:) will begin drilling off the coast of Colombia at its Uchuva-2 well this month, the company’s exploration and production director, Joelson Mendes, told reporters on Tuesday. , during a press conference in Houston.
The promising area off the coast of Colombia could justify a major project to supply natural gas to the Andean country and export it, Mendes said in March.
The executive expects that the evaluation of the wells will be completed in early 2025 and that the project will then be presented to the Petrobras board of directors for consideration.
If a final positive decision on the investment is made, the first gas flow could arrive sooner than the initially set target of 2029, Mendes said in March.
Petrobras will also present its first acquisition proposals in the renewable energy sector to its board next week, said the company’s chief executive, Jean Paul Prates.
The acquisitions would be part of a larger plan to create a renewable energy portfolio of approximately 2 gigawatts (GW), as Prates announced in January.
(Reporting by Marianna Parraga, writing by Fabio Teixeira. Edited in Spanish by Marion Giraldo)
