Rio de Janeiro, September 20, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, at a meeting held yesterday, the new Strategic Plan and the Business and Management Plan 2017-2021.
The Strategic Plan and Business and Management Plan were drawn up in an integrated manner and had the direct involvement of the Senior Management and other company officers at all of the stages of its development.
Two main metrics were set, one concerning the safety aspect and other concerning the financial aspect, which guide the company’s strategy:
• Reduce by 36% the Total Recordable Injury Frequency Rate (TRIFR*)1 from 2.2 in 2015 to 1.4 in 2018
• Reduce the leverage (net debt/EBITDA) of 5.3 in 2015 to 2.5 in 2018
1TRIFR = number of reportable injuries per million man-hours