May 31, 2017 / 9:49 PM / a year ago

High productivity of pre-salt fields favors Brazil's Petrobras in low oil prices scenario -CEO

SAO PAULO, May 31 (Reuters) - Brazil’s Petroleo Brasileiro SA is well prepared to face a low oil prices scenario as its pre-salt fields are among the world’s most productive, Chief Executive Officer Pedro Parente said on Tuesday.

At an investment summit in São Paulo, Parente said he does not expect oil prices to go back near the $100-a-barrel level but neither does he see a sharp drop from current prices. (Writing by Tatiana Bautzer; Editing by Bill Trott)

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