Objective is 80%, about 2030 reduction compared to 2020. The 50% were supposed to be achieved in ‘25. We are at minus 47%. So we’ll see if we have the ambition to reach it 50%. It’s not linear because in fact, it’s project by project. So you could – so for E&P, it’s not a linear, but 50% seems to – is the ambition to reach it 1 year in advance. And then the last indicator for me is the most important one. It’s what we call the life cycle carbon intensity of our sales. In fact, there should be sales on the paper because, in fact, it’s a way to – its strategy, it translates in our sales to customers. It’s recovering Scope 1 plus 2 plus 3. And we have an objective to decarbonize, I would say, to have low carbon energies in – to sell energies with a lower carbon content fundamentally, it’s 25% by 2030.
We are each year progressing. So this year, it was minus 13%. Next year, minus 14%, more or less 1% per year. We will – it’s linked directly linked to the – of course, the more we will sell electrons, the better it is. Project cash flow, I will come back $34 billion in $80 Brent, $10 per [indiscernible]. It’s very – it’s $50 per ton and not $60 per ton, $34 billion. Net investments of 17 million, 18 billion will come back on it, third in integrated power and low carbon molecules and the commitment we take too to our shareholders more in September, more than 40% of cash flow payout. So that’s the objective. So coming on the CapEx. On the CapEx side, now we have a rich portfolio of projects, either on hydrocarbons or LNG and also on the integrated power side.
So we want to grow our energy production by 5% between ‘23 and ‘28 and 2% to 3% for hydrocarbon. So there is no – we need to invest to put this to all these nice projects into production. So we had a guidance of $16 billion, $18 billion for the 5 years. This ‘24, we announced 17 billion to 18 billion. All segments benefiting from 1 billion increase, I would say, which is – so we keep the discipline and a third in the integrated power and low carbon molecule, one-third in new projects, oil and gas projects, 1 in LNG projects and one-third in maintenance. So the guidance is the same than what we announced in September. So what do we intend to do? On the oil side, we continue the ideas to continue to deliver, to work to deliver all this growth and midterm growth.
So we are there on this slide a summary of our different actions and which are, of course, Nicola teams, I would say, focus on delivery. On the major projects, we have progressing, in particular, in Brazil, somewhere in our portfolio. Brazil is replacing Russia. In fact, when you look to in E&P, we had Narrow 2, which came on stream the last day of the year. It’s a Petrobras way to celebrate the new year. For me, the first year of ‘24 – first day of ‘24 is the last day of ‘22, first one well. So we expect more production. But we are working on [indiscernible] where Petrobras is planning to start up by end ‘24. Then we have [indiscernible], which was also on his way, which will be second half ‘25. And then in the U.S., we are working with [ Sharon] Ballymore.
So that’s a non-operated asset. For the operated ones, we have, of course, very important one is Ugana in company share. It’s almost 130,000 barrels per day. So it’s a big impact. So we progress and with the target is end ‘25. So we should be by end ‘24, around 60% of progress. It has already been launched. And [indiscernible], of course, our teams are on the ground. I visited them for, say, 3, 2 times, twice in the last quarter in – where we have operations have been handed over to us, and we are executing the first phase of the project to grow the production from 60,000 barrel per day to 110,000 barrels per day. So that’s the first phase. Then we will go to 200 and more than 200. At the same time, as you know, we work on the gas firing and on the solar part.
So that’s, I would say, the major projects. We follow that carefully. We have in ‘24 as well quite a big, I would say, agenda on sanctioning new projects. In Brazil, again, we are embarked. We have been successful in both TOR. So we are embarked to sanction Sepia 2 and Atapu 2 on which Petrobras, I think, is making a joint – sort of joint tender. We are lucky to be on both sides. We have also Cameia, which is a name which has been selected for the development on Block 20. It’s an 80,000 barrel per day development on Block 20. We are operator. We should be able to sanction that by middle of the year. We have the last, I would say, the last discussions. And on Block 58, at Suriname this one is not yet a name, maybe it’s [indiscernible] or I don’t know if there are 2 discoveries.
We have [indiscernible], maybe will give us a name. We are – it’s not yet there. But this one, of course, is important because it’s a 200,000 barrel per day project. We have 50% of it. So it’s an important project. The objective being to sanction it before year-end 2024, and we are working on it. All these, I remind you, the criteria to sanction projects. We assess a profitability at $50 per barrel, $1 per ton and each project should respect 2 conditions: one, cost or I would say, economics is less than $20 per barrel or less than $30 of breakeven after tax. And the other one is emissions less than our portfolio average. And the portfolio average is lower. It was 20-kilogram per barrel into 2020. The portfolio average emission intensity is 18.
