Energy transition and financial discipline are the target of large oil and gas companies for growth in convergence with social demands for clean and affordable energy, in addition to effective cost management in the face of an international crisis brought about by Covid-19. The president of ExxonMobil Brasil, Carla Lacerda (photo), defined that the country needs to prioritize its intellectual capital, its robust chain of goods and services (especially the subsea) and value its pre-salt resources to follow the path of development in E&P .

The executive considers that the resumption of auctions in ultra-deep waters is an essential part of this situation. “We have as challenges to implement an exploratory program, maintain the resilience of the portfolio and strengthen the activity level for a growing economic regime”, analyzed during the session “Challenges and perspectives of the O&G industry in Brazil”, which took place on the second day of the Rio Oil & Gas.

Miguel Pereira, CEO of Petrogal, considers that the “essential word” is energy transition, which should define the diversification of the portfolio in line with the goals of the Paris Agreement. He believes that energy companies should follow this path and reach the neutral emissions targets by 2050. Pereira indicates that oil is still necessary to supply energy to a world economy with a growth perspective. In this context, Brazil has a “unique window of opportunity”. “The country can be a power in transition in energy. We can even design it as a hydrogen export hub ”.

The pandemic and the crisis brought new themes to the O&G sector, which are integrated with the demand of the global society, according to André Araújo, president of Shell Brasil. Shell has sought a balance between the application of fossil inputs and a renewable matrix. “In the third quarter of 2020, the company presented an increase in the budget for new energies. But, we have 35% of investments in deep waters, because we believe in the potential of the Brazilian offshore. ”

Deep and ultra-deep water portfolio management with consistent cost reduction represents the future of the sector in the analysis of Joelson Falcão Mendes, Executive Manager of Ultra-Deep Water at Petrobras. “We are investing, with financial discipline, for sustainable growth in the long term”, he concludes.