The signed cooperation term renews, for another five years, Petrobras' collaboration with the Navy, which has existed for over 30 years

On Thursday, August 8, Petrobras signed the renewal of a technical-scientific partnership to enable the sustainable exploration and use of marine resources.

The estimated investment is BRL 400 million, which, according to the company's president, Roberto Castello Branco, “will provide for the continuity of research in the 'Brazilian blue Amazon' and in the Antarctic continent”.

The signing ceremony of the terms of cooperation with the Brazilian Navy, with the support of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), took place at the Petrobras research center, Cenpes, located on Ilha do Fundão, in the north zone from Rio de Janeiro.

In addition to putting money into projects, the company it will also contribute with technical knowledge and will participate in scientific missions.

“The new cooperation agreement between Petrobras and the Navy guarantees for another five years the company's support in the scientific missions of the Sectorial Plan for Sea Resources (PSRM) and the Brazilian Antarctic Program (Proantar), which are coordinated by the Secretariat of the Interministerial Commission for Sea Resources (SECIRM),” the company said in a statement.

The state-owned company boosts its profits, focusing on the exploration of ultra-deep waters

The strategy is helping Petrobras cut costs while raising billions of dollars from asset sales. The state-owned company's exclusive focus on ultra-deep water exploration is generating good results for Brazil.

With the focus on exploration in the region of the coast of Rio de Janeiro, the pearl company continues with the sale of assets: this year the state-owned company raised US$ 8,6 billion with the sale of the TAG gas pipeline unit and US$ 2,3 billion from the sell a majority stake in BR, the country's largest fuel distributor.

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