Brazilian oil, natural gas, and energy company Petroleo Brasileiro SA (Petrobras) plans to make $84.1 billion in commitments from 2019 to 2023, over $74.5 billion forecast in its 2018 to 2022 plan.

Petrobras aims to secure $26.9 billion through asset sales and partnerships by 2023.

The company plans to retain its target on deepwater exploration and production, mainly in Brazil's coveted pre-salt blocks.

Petrobras Brasileiro noted that it expects to attract partners for its refineries in the short term.