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Petrobras celebrates 55 years with challenges & prospects increasing

03 Oct '08
6 min read

A summary of the numbers of their activities indicates that the company operates 14 thousand oil and gas wells, 109 production platforms, 23 thousand kilometers from pipelines, nearly 100 oil tankers (own and chartered), 51 marine terminals river and lake, 15 refineries (11 in Brazil and 4 abroad), 16 thermoelectric plants, two fertilizer plants and 87 thousand terminations of service.

The combined reserves of oil and gas in Brazil, which were 8.5 billion barrels in 1997, grew 76%, reaching 13.9 billion barrels of oil equivalent, a performance above the world average.

Besides the increase in reserves, the company has been hitting record number of drilling and production, which has been critical to the positioning of Brazil as one of the most important fronts of the petroleum industry.

The oil production of Petrobras in Brazil is higher than the national demand and our capacity for refining, a clear demonstration of sustainable self-sufficiency, won in 2006.

The company works hard to increase production and exports become sustainable, not only oil but also and mainly in derivatives, with the construction of two refineries Premium fuel production towards high quality. In the first half of 2008 to company maintained its condition from a net exporter of oil and derivatives.

Technological competence:
By the end of the 60s the production of oil and gas in Brazil was coming from inland camps. As the polls came ashore offering no positive responses, Petrobras directed its activities of exploration and production into the sea, discovering oil in shallow waters in the northeast region of the country, in 1969.

In the decade following the company made the first discoveries of oil and gas in the Campos Basin, which is now the largest producing region of Brazil, which are in operation 50% from 109 platforms installed in Brazil in March, producing oil and natural gas wells in waters that extend from the 80 meters by almost two thousand meters deep.

About half hundred international companies in the sector of exploration and production are already installed in the country, most of them working in partnership with Petrobras, confident in the ability of the company.

In many of exploratory blocks, purchased at auctions of the ANP, where the company is associated with multinational companies, she was chosen as operator on behalf of shareholders, exactly the recognition of its expertise in exploration and production in deep water.

This performance has been recognized by several international bodies, where highlights the prize, twice, by the Offshore Technology Conference, the most important event in the field, held in Houston, USA.

Global presence:
For the next five years, and maintains the leadership in Brazil, Petrobras foresees the strategy of international expansion, both in countries where it already operates, as in new markets.

The company is present in Angola (exploration and production), Tanzania (holding), Nigeria (holding), Libya (holding), Mozambique (holding), United States (exploration, production and refining), Mexico (holding), Bolivia ( exploration, production and transportation), Colombia (exploration and production), Peru (exploration and production), Ecuador (exploration and production), Venezuela (exploration and production), Chile (distribution), Argentina (exploration, production, refining, distribution, electricity and petrochemicals), Paraguay (distribution), Uruguay (distribution), Japan (international trade and refining), Iran (holding) and Turkey (holding).

Its shares are traded in the United States, Europe and South America, and as a result of a process of democratization of capital, its shareholder base was expanded to around 600 thousand shareholders.

The history of 55 years of Petrobras may be told from the viewpoint of competitive performance, which put on the podium of excellence, competence and dedication as one of the biggest and best oil companies in the world. For the future the company has the vision to be among the five largest oil companies in the world.

PETRÓLEO BRASILEIRO S/A

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