State-Owned Company Created to Manage Oil from Pre-Salt Reserves Declares, Through Its President, That It Will Increase Staff, but It Will Still Define Whether It Will Open a Public Contest or Outsource
PPSA (Pre-Salt Oil S.A), keeping an eye on growing demand, plans to finalize its strategic planning by the end of May to manage the many signed contracts.
According to statements made by the company’s president, engineer Eduardo Gerk, after his lecture at the OTC 2019 Fair in Houston, the company will need to structure itself, as it is currently undersized.
One of the measures planned by Pre-Salt Oil will be to increase the staff, as the company currently has 44 employees and
the law that created the company provided for 180 people, being 150 hired through a public contest and 30 contracted through free appointment.
The president could only say that this adjustment of staff will take place through a public contest and/or outsourcing, as the matter must go through the Ministry of Economy’s approval.
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The new president took over PPSA a month ago from Ibsen Flores Lima, who had been leading the state-owned company since November 2016, and, according to him, has not yet made drastic changes in the company’s management.
Gerk emphasized that the company’s growth was already anticipated and will be necessary, as the company already has 14 signed contracts and more are to come from the Excess of the Onerous Assignment and the 6th sharing round, all expected this year.
The Creation of the Company
At the height of optimism generated by the discoveries of the Pre-Salt, Pre-Salt Oil S.A was created in 2013, a state-owned company responsible for managing and representing the Union in production sharing contracts for oil and natural gas in the country.
According to a study by PPSA, the sharing fields have the potential to reach more than 2 million barrels per day and will demand 19 FPSOs in the next 10 years in the fourteen areas already signed so far.

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