Rio Oil & Gas 2016

Petrobras - new moment

Press Office/T&B Petroleum
26/10/2016 11:11
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At a lunch-lecture that addressed Petrobras’ new paths, the executive director of Strategy, Organization and Management System of the company, Nelson Silva, explained that the company's new business plan is primarily driven by the new economic outlook that focuses on generating results. "The strategic plan was widely discussed and is linked to the company’s business plan. We are questioning where the company wants to be in 20 years. The company wants to be an integrated energy company focused on oil and gas that evolves along with society, adding value through its deep technical abilities", he stated.


Silva said that Petrobras considers two metrics with the same weight: to achieve the financial target, which is to reduce the leverage of the net debt (EBITDA) from 5.3 million in 2015 to 2.5 million in 2018 and to mitigate risks, reducing by 36% the rate of recorded casualties (TAR*) from 2.2 in 2015 to 1.4 in 2018. "A US $ 6.3-billion debt is equivalent, for example, to what we refrained from investing in a new production unit. That is the reason for our urgency to speed up the reduction of the debt so we can go back to re-invest in the company’s core business", explained the director.

 

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