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Shortly After Taking Office as President of Petrobras, New President Jean Paul Prates Advocated for Expanding Oil and Gas Exploration Frontiers, Highlighting the Pre-Salt and the Equatorial Margin.
Jean Paul Prates, elected as the new president of Petrobras, advocated on Thursday, (01/26), for the expansion of oil and gas exploration frontiers. According to him, his desire is for the company to continue surpassing itself in the production of oil and gas, seeking new frontiers and always acting in a responsible and sustainable manner.
Jean Paul Prates Stated That the Company Will Maintain Its Operation in the National Territory
The new president emphasized that Petrobras will maintain its operations in the national territory, including the onshore areas of the Northeast, North, and the pre-salt.
According to the new president’s own words: “we want a Petrobras that prides itself on being large and on boosting all the regions and businesses where it operates.”
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“Be it in the other states, where our reserves of the pre-salt polygon extend, from Santa Catarina to Espírito Santo, this great wealth has the potential to transform the country and already accounts for a large part of our production.”
“In addition to the entire coastline of the equatorial margin, this new and promising exploratory frontier is also where there is a strong potential for renewable energies,” added Jean Paul Prates.
The current business plan includes the drilling of 16 wells, with half of the budget, of US $6 billion, allocated for exploration in the region. The company’s major focus is the Mouth of the Amazonas, where there are expectations of significant oil discoveries.
However, there are controversies; the project has been heavily criticized by environmentalists. Besides lacking a license from Ibama, they argue that opening new frontiers for oil and gas exploration goes against the economy’s decarbonization policy, aside from other operational risks.
The 12 Years of Reserves of the Brazilian Company and Experience in the Search for New Energies
Between 2021 and 2022, the R/P indicator (ratio of proved reserves to production) increased the Brazilian company’s reserves from 11 to 12.2 years.
In 2022, proved reserves of oil and natural gas of 10.5 billion barrels of oil were closed, with 85% being oil. In 2021, Petrobras added 2.0 billion in reserves, according to SEC standards.
The new president of Petrobras states that the company will use its knowledge in the search for new energies: “whether bioproducts or in other renewable energy frontiers.”
Furthermore, Jean states that he will invest in the refining park, utilizing productive and technological capacity to deliver affordable and quality products to the population.
“We will work to ensure that Petrobras continues its journey in the oil and gas industry, but also pursues new paths towards decarbonization. Accelerating profitable diversification and a just energy transition,” concludes the new president.
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