Petrobras CEO evaluates partnerships with energy leaders at CERAWeek 2023

March 17 -- Petrobras’ CEO, Jean Paul Prates, took advantage of the presence of the leaders of the largest energy companies on the planet at CERAWeek by S&P Global to promote the importance of joint actions by the industry both in renewable energy projects and in initiatives for better use of oil and gas reserves.

Jean Paul Prates at CERAWeek 2023, courtesy of Petrobras

Prates met with the CEOs of bp, Bernard Looney; of PETRONAS, Tengku Muhammad Taufik; and of TotalEnergies, Patrick Pouyanné. The day before, Petrobras’ CEO had already met with Anders Opedal, the CEO of Equinor, to expand cooperation between the companies in offshore wind power generation projects off the Brazilian coast.

At the meeting with bp, the executives indicated their intention to form future partnerships and promote more exchanges of experiences between the companies. The two companies are already partners in five exploration blocks, among them Alto de Cabo Frio Central, in the Campos Basin.

Jean Paul Prates commented on possible cooperation in the energy transition sector in Brazil, which includes bioenergy and hydrogen production. “We are going to proceed with mutual visits to deepen discussions both in the energy exploration and production sector, as well as the energy transition sector”, highlighted Prates at the end of the meeting. The CEO of Petrobras also suggested the participation of both bp and other major oil companies in carbon capture initiatives in the Amazon and mangrove regions.

At the meeting with PETRONAS, Jean Paul Prates and Tengku Muhammad Taufik commented on the similarities between the countries, both with large populations, and the potential synergies between the companies. “These similarities can contribute to the understanding of how to improve strategies in logistics and service to the consumer market of both companies,” highlighted Prates.

The Malaysian oil company, which has an installed refining capacity of 700,000 bpd, has shown interest in learning more about the production of diesel R, with renewable content, by Petrobras.

During the meeting with TotalEnergies, the CEOs of the two companies emphasized the importance of investments in Research & Development, with emphasis on the research centers of each company. Regarding the energy transition agenda, the CEO of the French company, Patrick Pouyanné, mentioned the recent joint venture that brings together wind generation assets in Brazil.