Petrobras President Defends Oil Exploration in the Amazon River Delta and Minimizes Potential Risks

Written by Ruth Rodrigues

Published on 17/08/2023 at 06:43

Foto: Mario Tama/Getty Images

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Prates Highlights The Importance Of Petrobras In The Economic And Environmental Landscape Of The Country, And Its Responsibility To Balance Oil Exploration With Environmental Preservation And Safety Measures.

In a joint public hearing at the Senate, Petrobras President Jean Paul Prates addressed crucial issues related to oil exploration near the coast of Amapá, in the Foz do Amazonas region. The event, held last Wednesday (08/16), brought together the Infrastructure and Regional Development and Tourism committees. Prates emphasized the importance of understanding the situation comprehensively, distancing exaggerated claims and misunderstandings.

Watch The Full Public Hearing And The Statements Of The Petrobras President

Jean Paul Prates Explains That Oil Exploration In The Region Is Not New And Highlights Petrobras’ History

The Petrobras president rejected the idea that the company is starting new oil production in the region.

He explained that considerable activity is already taking place, with oil being transported daily by the Amazon River to the Manaus refinery.

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Debate On Energy Transition And Investment In Oil Marks The Petrobras President’s Hearing

Regarding the specific location of the exploration, Prates noted that the area to be drilled is 170 km off the coast of Amapá and 580 km from the mouth of the Amazon River.

He clarified that, even in the licensing process, the remote probability of any oil potentially spilled reaching the coast is declared, due to ocean currents and winds that would direct any spill away from the region.

The Petrobras president emphasized the difference between the environmental license requested by the company, which is intended to determine the feasibility of the oil discovery, and a future license for oil production.

He explained that, if oil reserves are discovered in the region, an economic analysis will be necessary to evaluate its commercial viability.

This includes the construction of infrastructure for large-scale production, a process that can take five to eight years.

Furthermore, Prates advocated the idea that oil exploration should finance the energy transition.

He disagreed with the international movement “Just Stop Oil,” which advocates for a ban on new oil exploration bids as a way to accelerate the transition to more sustainable energy sources.

Prates argued that the energy transition is a gradual process and that oil exploration is still necessary to support this transition.

Jean Paul Prates also participated in a public hearing at the Senate’s Audit and Oversight Committee (CTFC), where he discussed the environmental damage caused by the petrochemical company Braskem in Maceió.

Petrobras holds a significant stake in the company, owning 36.1% of the total capital and 47% of the voting capital.

Petrobras President Defends Oil Exploration in the Amazon River Delta and Minimizes Potential Risks

Prates Highlights The Importance Of Petrobras In The Economic And Environmental Landscape Of The Country, And Its Responsibility To Balance Oil Exploration With Environmental Preservation And Safety Measures.

Watch The Full Public Hearing And The Statements Of The Petrobras President

Jean Paul Prates Explains That Oil Exploration In The Region Is Not New And Highlights Petrobras’ History

Debate On Energy Transition And Investment In Oil Marks The Petrobras President’s Hearing

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Petrobras President Defends Oil Exploration in the Amazon River Delta and Minimizes Potential Risks

Prates Highlights The Importance Of Petrobras In The Economic And Environmental Landscape Of The Country, And Its Responsibility To Balance Oil Exploration With Environmental Preservation And Safety Measures.

Watch The Full Public Hearing And The Statements Of The Petrobras President

Jean Paul Prates Explains That Oil Exploration In The Region Is Not New And Highlights Petrobras’ History

Debate On Energy Transition And Investment In Oil Marks The Petrobras President’s Hearing

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