The pre-salt fields stand among the world’s oil fields which operate with the lowest CO2 emissions. The average emission of CO2 equivalent per barrel produced in the world industry is 70% higher than in the pre-salt - 17kg of CO2 per barrel produced in the world against 10 kg per boe in the pre-salt (Tupi and Búzios fields). This result is a reflex of Petrobras' advances in the carbon capture, utilization, and geological storage program - Carbon Capture, Utilization and Storage (CCUS) - the largest in the deepwater industry. These are some of the highlights that the company presented at Offshore Technology Conference (OTC) 2022, the world's main offshore oil and gas event, held from May 2 to 5 in Houston (USA).

For the first time, a Brazilian professional received the "OTC Emerging Leaders" award, which was given to Petrobras engineer Gabriel Serrão Seabra. The award recognizes the leadership ability of employees in the offshore exploration and production segment, with up to 10 years in the field. Serrão, 32 years old, works in Petrobras' strategic program CÉOS, which seeks excellence in the development of oil reservoir models. With the aid of artificial intelligence and augmented reality, the program is aimed at expanding the incorporation of reserves, in addition to reducing risks and costs.

On May 3, at 9am (local time), Petrobras' Executive Manager of Strategy, Eduardo Bordieri, presented "The Campos Basin case: unlocking value from mature offshore Brazilian assets", focusing on the investments planned by Petrobras for the Campos Basin, internationally recognized with two OTC awards for the technologies developed for the Marlim (1992) and Roncador (2001) fields. Even with more than 40 years of history and accumulated production of more than 14 billion barrels of oil equivalent (boe), this basin is being renewed with the prospect of the entry of three new platforms and the connection of more than 100 new wells in the next five years. The company's projection is to increase production in the area in up to 900,000 boe by 2026.

Energy Transition in focus 

Also on May 3rd, at 2pm (local time), Rafael Chaves participated in the panel "Accelerating the Energy Transition: Highlighting Developments in Brazil and Argentina". His speech will highlight the relevance of low carbon oil and gas to the reduction of emissions, in the Brazilian context of high presence of renewables in the country's energy matrix. He also disclosed Petrobras' extensive contribution to forest conservation and restoration.

Also on May 3, at 2pm (local time), the challenges in reducing operational CO2 emissions was the theme of the panel "Shifting to a low carbon offshore industry", with the participation of Petrobras' Production Development Director, João Henrique Rittershaussen, along with executives from BP, Equinor, Schlumberger and IHSMarkit. The panel, moderated by the company's Executive Manager for Climate Change, Viviana Coelho, will highlight the current results achieved by Petrobras in decarbonization and the technological solutions the company has been implementing with the objective of further enhancing this process.

On May 4, at 9am (local time), Bordieri took part in the Bratecc Offshore Breakfast 2021, an event parallel to OTC, with the lecture "Petrobras Perspectives on O&G Double Resilience". He highlighted the company's strategy to focus on double resilient assets – economically and environmentally – located in deep and ultra-deep waters. He also showed the company's progress in deepwater production as a reflection of its technological advances, and the expectations and challenges for the next five years.

The complete program of the Offshore Technology Conference (OTC) 2022 is available at the event's website: https://2022.otcnet.org/why-attend/schedule-of-events. Press registration is handled by the conference organization at https://2022.otcnet.org/press.