Petrobras' stance as a company committed to transition to a low-carbon global economy, with doubly resilient, low-cost projects with lower emissions, was highlighted on March 8, during the participation of the company's directors in CERAWeek. The event, held in Houston (USA), is considered one of the global energy industry’s main meetings and aims to promote new ideas and dialogues about the sector.

The Chief Financial and Investor Relations Officer of Petrobras, Rodrigo Araujo, participated in the panel "Balancing Act: the future of oil and gas in Latin America?" and emphasized that the company's projects, with the high technology implemented and the large scale of production, will allow for lower carbon emissions. In addition, the projects are resilient to low oil barrel prices, highlighting the importance of capital discipline. "We know that the oil industry is cyclical. We need to be prepared to perform in any scenario. Two years ago, for example, the barrel price was at $20," said Araujo.

During his explanation, Araujo explained that today Petrobras is prepared for a challenging scenario, due to its solid portfolio, which also accounts for the start-up of production in a 15 new platforms by 2026. According to the current portfolio, the production ratio is 85% oil and 15% gas. "This is a dynamic of our Pre-Salt projects and, at least in the medium term, it should continue along these lines," said Araujo.

In the panel that discussed the changes in strategies for the area of exploration and production of oil in the future, the Director of Institutional Relations and Sustainability at Petrobras, Rafael Chaves (photo), released figures that reinforce the role of oil in the pre-salt for the energy transition. "Our ultra-deepwater fields are very efficient in terms of emissions. In the pre-salt, 10kg of greenhouse gases are emitted per barrel produced, while the industry's average CO2 emission is almost 20kg," he detailed.

Even with Petrobras' good performance, Chaves believes that the company needs to be alert to further reduce its emissions. "Investment in technological solutions aimed at reducing emissions is not a matter of choice, it is mandatory for all oil companies," said the director, who also talked about the investments that are planned in the refineries, both for reducing emissions from industrial plants and for developing biofuels, such as diesel with renewable content.