Petrobras plans to restructure Gas and Energy

June 11, 2019

Petrobras is preparing to remodel its Gas and Energy (G & E) activities. The state company has launched a tender to hire a specialized consulting service to support the definition of the organizational structure appropriate to the business in the area, which is considered strategic for its future.

In the tender notice, Petrobras explains that the implementation of the 2019-2023 Business Plan, coupled with the constant transformations in the natural gas and electric energy sectors in the medium and long term, require an assessment of the actual adequacy of the organizational structure of the integrated G & E business.

Thus, the contractor must prepare studies of structural options to support the business; to work together with Petrobras’ work team in the referral for approval of the chosen structure to the executive board; and act in the preparation of the company for its implementation.

In addition to BP 2019-23, the work will have as its starting point the Company’s 2040 Strategic Plan, which defined two strategies for the natural gas, electric power and renewable energy business: optimizing Petrobras’ position in the segment in Brazil, developing positions in the global market via partnerships, and to operate in renewable energy businesses in a profitable way, focusing on wind and solar in the country.

The Petrobras Gas and Energy business is under the responsibility of the executive management of the same name, subordinated to the Executive Board of Refining and Natural Gas (DRGN). The area is responsible for managing the operation and associated support of thermoelectric plants, natural gas processing plants and LNG regasification terminals, as well as the commercialization of gas, electricity, LNG and natural gas infrastructure.

The current business plan of Petrobras foresees the investment of US $ 5 billion in Gas and Energy in the next four years, in addition to US $ 400 million in renewable sources.

Among the natural gas projects underway are those of the Sergipe Thermal Power Plant, to enable the production of the deep waters of the Sergipe-Alagoas Basin to be viable; Comperj’s Natural Gas Processing Unit (NGPU), to expand pre-salt production; and the suitability of the Monteiro Lobato Gas Treatment Unit (GTU), to process the Santos cluster gas.

Currently, the state company has three LNG terminals, in an import market context and concentrated in Brazil, operating in spot trading and short-term contracts. For the future, the plan is to develop global markets, seeking competitive and long-term supply and increasing the commercialization of natural gas.

In the area of ​​renewable energy, Petrobras currently participates in solar energy auctions, invests in the gradual entry into the distributed solar generation market, develops offshore wind projects for the next decade, produces BioQav and GreenDiesel in plants integrated with the refineries and maintains partnerships with Total and Equinor.

The goal of the oil company is to reduce by more than 30% the CO2 emissions per barrel produced and by 16% per refined ton by 2025.

In the first quarter of this year, Petrobras’ Gas and Energy area earned US $ 3.220 billion and recorded a gross profit of US $ 916 million. During this period, the company provided 2.788 thousand average MW in its thermoelectric plants, selling 1.513 thousand average MW and generating 2.406 thousand average MW in electric energy.

The delivery of natural gas in the first three months of 2019 totaled 51 million m³ / d; the regasification of LNG, 7 million m³ / d; and the volume of gas sales, 75 million m³ / d. According to the ANP, Petrobras produced in April 111 million m³ / d of energy as operator and 87.765 million m³ / d as a consortium.

Source: Brazil Energy Magazine

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