Talk to us about some of the new sort of Plans that you've laid out today in that Investment day really talking about Targeting you know different cash levels Of five to six uh uh minimum as a Billion dollars how are you thinking About the path to get there with higher Cash levels Well thank you thank you very much it's A pleasure to be here with you well We're very comfortable with that level That we reach we've been deleveraging The company over the last five or six Years so we released our new business Plan with very resilient projects and Very strong portfolios so we're Comfortable with brand prices of 35 Dollars per barrel so that's how we Prepare ourselves uh we're increasing Our production and including 15 new Units 50 new fpsos in the brazilian Pre-salt layer over the next five years So it's a very solid plan and we believe We can deliver it very strongly do you Think that there'll be market support And i mean oil market support for the Production plans that you have in place Or at least the ones that you announced Today Well i mean that's a very good question Uh if we look at the business the prior Business plan we were expecting 45 per Barrel for 2021 and we've seen much more Positive prices but again the most
Important part of it for us is to be Ready for very uh volatile scenarios and For very lower brand prices so we Prepare our projects to be resilient to 35 dollar brand prices so we believe we Can add a lot of value when we see price Upsides like the one we've seen over 2021 So what's your base assumption for oil Price right now Our base assumption for 2022 is 72 As an average but for the long run and The end part of the business plan is 55 Per barrel in the long term so we work With a base case of 55 and a resilient Scenario is 35. some lawmakers and the Administration itself have raised issues About petrobras adjusting fuel prices Perhaps trying to change pricing policy Will you have to cut prices in order to Help out the government with inflation Now the company is independent and of Course we have state participation in The company but the brazilian market is Getting more and more open and more Competitive uh we're selling 50 of our Refining capacity and attracting new Players to the brazilian market and this Is moving very fast so to have a very Strong and solid market in brazil we do Have to have market prices and that's How the company has been behaving of Course we've seen a lot of volatility in Oil prices recently but again the
Brazilian market is getting more and More competitive over time and we think That's very positive both for the Company and for the country
