November 25, 2019 / 3:12 PM / 20 days ago

Brazil's Petrobras plans to drill up to eight oil wells in 2020: executive

FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes

RIO DE JANEIRO (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA plans to drill up to 8 oil wells in 2020, mostly in the pre-salt area, its Exploration & Production director, Carlos Alberto de Oliveira, said on Monday.

Petrobras, as the company is known, is expected to disclose details in a meeting with investors later this year, after releasing its business plans for the next five years.

Reporting by Marta Nogueira; Writing by Gabriela Mello; Editing by Chizu Nomiyama

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