Petrobras could begin production at Foz do Amazonas within seven years, says CEO

Core Viewpoint - Petrobras, the Brazilian state-run oil company, may initiate oil and gas production in the Foz do Amazonas basin within seven years, contingent on the confirmation of large reserves [1] Company Summary - The Chief Executive of Petrobras, Magda Chambriard, indicated the potential timeline for production commencement, highlighting the importance of confirming substantial reserves in the region [1] Industry Summary - The Foz do Amazonas basin represents a significant opportunity for oil and gas production, which could enhance Brazil's energy sector and contribute to the country's economic growth if reserves are validated [1]