100% of planned CAPEX for March to December 2020 has been postponed, with the exception of approximately US$ 10 million related to operational safety maintenance.
OPEX reduction to US$ 12.5 million per month (100% of Polvo + 100% of Frade).
Recommissioning certain TBMT and Polvo FPSO storage tanks, to increase the Company’s nominal oil storage capacity to 3.5 million barrels, granting more flexibility on offtakes depending on market conditions.
Payroll reduction for onshore employees by 25% and corporate directors by 50%.
All international travel is suspended. Domestic travel is exclusive to employees critical to offshore facilities who reside in other states.
All events have been suspended.