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Petrobras' commercial activity will be concentrated in three cities after closing an office in London to cut costs
Petrobras informed in a relevant fact, this morning (23/12), that next year it will rationalize its international presence, considering the three main oil markets in the world – Europe, North America and Asia. Petrobras wants more women in leadership and launches a strategic plan for Gender Equity
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In order to reduce expenses, Petrobras informs that it will concentrate its international commercial activities in offices in Rotterdam, in the Netherlands, in Houston, in the United States, and in Singapore.
In this way, Petrobras' commercial activities in London, England, will be transferred to Rotterdam. The move will start in the next quarter and should be completed in the second half of 2021.
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“The initiative is in line with actions to reduce corporate expenses within the resilience plan”, says the state-owned company. With this measure, the savings from the retirement of external offices since 2019 will reach US$ 13,5 million per year in 2021.
Of the 18 external offices that Petrobras had at the end of 2018, ten have already been closed, in addition to London. This group includes representations in China, Mexico, Iran, Turkey and the United States (New York). Due to the divestments in operations already carried out, Petrobras also closed offices in Japan, Paraguay, Nigeria, Tanzania and Libya.
The company also has offices in Bolivia, Argentina, Colombia and Uruguay. In these last three countries, there is an ongoing disinvestment process, and the trend is that, once concluded, the respective offices will also be deactivated.
Petrobras offices in Brazil
The concentration of activities and the reduction of expenses with offices have also been a reality here in Brazil. The 23 administrative buildings that Petrobras occupied in the country two years ago should be reduced to eight in the first quarter of 2021, which implies a cost reduction of up to US$ 30 million next year.
