Reduction on Petrobras investment not to be changed
Petrobras is expecting the results of the divestment program included in the 2015-2019 Business and Management Plan to reduce the need for external fundraising.
Petrobras is expecting the results of the divestment program included in the 2015-2019 Business and Management Plan to reduce the need for external fundraising. According to Petrobras CFO and Investor Relations Chief Ivan Monteiro, the program’s relevance has been largely pointed out to the market.
"We have tried, within the firm’s transparency, to provide the necessary information not only for the company's employees, and for the whole workforce, but also for the unions. This is a firm’s decision," said Monteiro.
He reported that "their goal is to raise all the necessary funds for 2016 by the end of 2015. We are vigorously pursuing this goal, but in general there was a great diversification in the $11 billion we have raised," he stated. According to him, the firm works with several alternatives to raise funds in order to have all 2016 salaries. "It’s a very positive outlook," he said.
About the oil workers strike occurring at the firm, Exploration and Production Director Solange Guedes said the measures adopted by Petrobras to reduce the impact of the fall in the company's production due to the workers strike currently incurs in a loss of around 5%. "Our best projection for 2015 is that even with the losses, we get to achieve the goal for the year," she said.
In the gas sector, Gas and Energy Director Hugo Repsold Júnior announced that he does not work with the idea of a strong impact in production in the fourth quarter. He explained that the firm has operational flexibility and has increased regasification. Therefore, the market’s demand could be met by keeping the units that process gas operating, "what has ensured the operation and the operational continuity of the platforms that send the gas to the gas and energy units."
In the supply area, Director Jorge Celestino said that the refineries’ loads are on schedule for the month, and around 900,000 barrels have been loaded. According to him, not the export and import flow of the firm, nor the oil flow have suffered any change. "We are on schedule for all export cargoes for November, and the export program for December. We have not changed our import program for oil, nor oil derivatives. We have managed to meet the market’s demand with the teams that are working," he assured.
Translated by Amarílis Anchieta
Fonte: Reduction on Petrobras investment not to be changed
