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Home All News News Update 1 - Petrobras CEO highlights good performance in 2009

Update 1 - Petrobras CEO highlights good performance in 2009

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10 Dec 2009 - by PreSalt.com - Source: Agência Petrobras

The president of Petrobras, José Sergio Gabrielli de Azevedo, directors of the Company and subsidiary executives attended the breakfast with the press on Tuesday (8 / 12) in company's building headquarters in Rio de Janeiro. At the meeting, Gabrielli presented an overview of activities in 2009 and noted that, even at full international economic crisis, the company has established itself as the second largest in the world in volume of shares traded on exchanges.

"It was a year with accelerated investments and implementation of these investments took place in a highly efficient.. The capital value of the company's rose more than most oil companies in the world, which shows that our strategy is approved by the market. We have results to celebrate in 2009, "he said. Gabrielli noted that at the time of the announcement, there was great doubt about the viability of the Business Plan 2009-2013, with an estimated investment of U.S. $ 174.4 billion in setting shrinkage of investments on behalf of the global financial crisis.

The president also cited strengths such as increased production, projects consolidation in the area of oil, gas and energy, progress on projects in petrochemicals, as quality fuel, significant improvements in capacity to deliver gas to the completion of major pipelines and international activity consolidation .

Pre-Salt (SubSalt)

Director of Exploration and Production, Guilherme Estrella, predicted that the Long Duration Test (LDT) in the area of Guara, in the pre-salt Santos Basin, start in the first half of next year, with initial production of up to 30 thousand barrels of oil per day. The beginning of the Tupi pilot project is scheduled for December 2010, but can be anticipated. "There will be 120 thousand barrels per day. We are trying hard to anticipate one or two months, but the date is December 2010, "he said. According to Estrella, will continue to evaluate the Tupi accumulation so that the commerciality is declared until the end of next year. "We need about six wells to complete the assessment and deliver the development plan of production to the declaration of commerciality.

"According to Estrella, the stratigraphic drilling of the area adjacent to Iara, in the north of the Santos Basin, should begin in the coming days. The goal is to identify the potential area from where they were taken the 5 billion barrels concerning the assignment by the costly, after the adoption of the Bill 5.941/09 by Congress.

Biofuels

"Petrobras has expanded production capacity allowed in biodiesel plants and intensified contacts to expand presence in the area of ethanol. We established an important technological breakthrough in the use of mamona oil as a source for biodiesel production in the specifications of the ANP (National Agency of Petroleum, Natural Gas and Biofuels)," Gabrielli said .

The president of Petrobras Biofuel, Miguel Rossetto said the expectation for next year is good. The strategy in all plants of the Company is the diversification of raw materials and local production arrangements with agricultural regionally markets and near the production units.

"We tested the use of mamona oil to produce specified biodiesel. We have two mixes: mix 70% of sunflower oil with mamona oil and approve, and mixed mamona oil with soy bean and improved physical and chemical characteristics of biodiesel produced. There is no doubt about the ability to produce biodiesel from mamon oil and we're doing it with quality, "he said.

The Director of Gas and Energy, Graça Foster, announced that the next 21 days the Company began testing the first generation of electric power in the world with ethanol in the thermal plant of Juiz de Fora (MG), in partnership with General Electric. "We run three months with ethanol measuring emissions·. We have a big expectation regarding the performance and emissions within the normal levels. From the environmental point of view it is extremely relevant, "he said. The director predicted that if the results are positive, the opportunity will arise for business in other countries like Japan, which has similar turbines.

The executive manager of the Logistics Supply, Carlos Bellot, spoke about the ethanol pipeline that will transport the product from Senador Canedo (State of Goias) to Paulínia (State of Sao Paulo), allowing the flow to the "Ilha Dagua" Terminal (State of Rio de Janeiro) and the port of St. Sebastião (State of Sao Paulo)."We are integrating this project pipeline with the use of the Tiete-Parana waterway to drain the production of the interior of the country aimed at the domestic consumer market and exports. These initiatives will go well with the initiatives of production and with the ambitions of the Company to be a trader of ethanol in the international market, "he said.

Prominp

The executive manager of Engineering Services area, Pedro José Barusco, predicted that next week be announced the next bills of Prominp (Mobilization Program of the National Industry of Oil and Natural Gas). "What we can say is that we want to qualify 78 thousand people in 15 states in the country," he said. Today 81% of the people trained by the program working in the Petrobras.

Program for the Modernization of the fleet

The president of Transpetro, Sergio Machado, said that next year will come into operation six ships, four Suezmax and two of the products. According to him, is in progress the tendering process of gas tankers ships of the second phase of the Program for the Modernization and Expansion of the Transpetro Fleet (Promef II).

Argentina

The director of the International Area, Jorge Luiz Zelada, said that despite the sale of the fertilizers units in Argentina, the company will continue investing in that country. "I do not want to leave of Argentina. Our operation in Argentina is the most vertical of Petrobras. The sale of the fertilizer units is included in a management portfolio. Let's try to focus on more business in the chain of exploiration, production, refining and distribution of oil, gas and fuel, "he said.

 

In this article:

Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA)

 

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