Highlights

TrenkBank is going offshore

Petrobrás is enjoying international recognition for the company’s ultra-deep drilling technology and is extracting oil at increasingly higher depths at competitive prices at its offshore oil fields. This has attracted the interest of worldwide oil companies that are entering into partnership agreements with Petrobrás to explore and produce oil from Brazil’s huge continental shelf. An exploration and production market that increasingly welcomes international partners has in turn created new opportunities for Petrobrás in other parts of the world, where the company’s expertise can attract new businesses.

Currently the company’s focus is on expanding production and oil and gas reserves in a sustainable manner; being recognized for its exploration and production work; expanding its businesses in areas with great exploration and production potential, where the company’s operational, technical and technological prowess can represent a competitive edge; and optimizing returns by employing practices and new technologies in areas with high levels of exploration.

The Brazilian Oil and Natural Gas Mobilization Program (Prominp) was established on December 19, 2003, to encourage Brazilian suppliers to offer competitive and sustainable products and services when oil and gas projects are implemented in Brazil and abroad. The program is coordinated by the Brazilian Ministry of Mines and Energy and by Petrobrás. Prominp has already developed more than 170 projects in this area, including the Promimp Receivables Project, of which the Petrobrás Credit Right Fund is part.