This document outlines Petrobras' strategic plan for 2017-2021. It discusses where the company is currently, with high debt levels and operating costs, and where it wants to be - an integrated energy company focused on oil and gas. The plan details how Petrobras will get there through initiatives like cost reductions, partnerships and divestments, and lower capital expenditures. It establishes metrics to measure success in areas like safety, financial leverage, and production levels. The strategies discussed include optimizing the exploration and production portfolio, increasing efficiency in deepwater production, and strengthening refining and natural gas operations.
This is a preview of the Complete Business Frameworks Reference Guide/Toolkit. The full document can be downloaded here:
https://flevy.com/browse/business-document/complete-business-frameworks-reference-guide-644
The Complete Business Frameworks Reference Guide is a very comprehensive document with over 300+ slides--covering 50 common management consulting frameworks and methodologies (listed below in alphabetical order). A detailed summary is provided for each business framework. The frameworks in this deck span across Corporate Strategy, Sales, Marketing, Operations, Organization, Change Management, and Finance.
These frameworks and templates are the same used by top tier consulting firms, such as McKinsey, Bain, BCG, Booz, Monitor Group, Deloitte, Accenture, IBM, E&Y, LEK, AT Kearney, Roland Berger, Oliver Wyman, and others.
INCLUDED FRAMEWORKS & METHODOLOGIES:
1. ABC Analysis
2. Adoption Cycle
3. Ansoff Market Strategies
4. Balanced Scorecard
5. BCG Growth-Share Matrix
6. Benchmarking
7. Blue Ocean Strategy
8. Break-even Analysis
9. Business Unit Profitability
10. Economics of Scale
11. Environmental Analysis
12. Experience Curve
13. Cluster Analysis
14. Company & Competitor Analysis
15. Core Competence Analysis
16. Cost Structure Analysis
17. Customer Experience
18. Customer Satisfaction Analysis
19. Customer Value Proposition
20. Fiaccabrino Selection Process
21. Financial Ratios Analysis
22. Gap Analysis
23. Industry Attractiveness & Business Strength Assessment
24. Key Purchase Criteria
25. Key Success Factors (KSF)
26. Market Sizing & Share
27. McKinsey 7-S
28. Net Present Value
29. PEST Analysis
30. Porter Competition Strategies
31. Porter's Five Forces
32. Portfolio Strategies
33. Price Elasticity
34. Product Life Cycle
35. Product Substitution
36. Relative Cost Positioning
37. Rogers' Five Factors
38. Scenario Techniques
39. Scoring Models
40. Segment Attractiveness
41. Segmentation & Targeting
42. Six Thinking Hats
43. Stakeholder Analysis
44. Strengths & Weaknesses Analysis
45. Structure-Conduct-Performance (SCP)
46. SWOT Analysis
47. SWOT Strategies
48. Treacy / Wiersema Market Positioning
49. Value Chain Analysis
50. Venkat Matrix
The level of detail varies by framework, depending on the nature of the management model. Examples, templates, and case studies are provided.
Complete Business Frameworks Toolkit - Strategy, Marketing, Operations, Consu...Flevy.com Best Practices
Download this primer now from slideshare.
Full version here:
https://flevy.com/browse/business-document/complete-consulting-frameworks-toolkit-644
This is a very comprehensive document with over 350+ slides--covering 51 common management consulting frameworks and methodologies (listed below in alphabetical order). A detailed summary is provided for each business framework. The frameworks in this deck span across Corporate Strategy, Sales, Marketing, Operations, Organization, Change Management, and Finance.
These frameworks and templates are the same used by top tier consulting firms. With this comprehensive document in your back pocket, you can find a way to address just about any problem that can arise in your organization.
The level of detail varies by framework, depending on the nature of the management model. Examples, templates, and case studies are provided.
FULL LIST OF MANAGEMENT CONSULTING FRAMEWORKS & METHODOLOGIES:
1. ABC Analysis
2. Adoption Cycle ( Consumer Adoption Curve)
3. Ansoff Market Strategies
4. Balanced Scorecard
5. BCG Growth-Share Matrix
6. Benchmarking
7. Blue Ocean Strategy
8. Break-even Analysis
9. Business Unit Profitability
10. Economics of Scale
11. Environmental Analysis
12. Experience Curve
13. Cluster Analysis
14. Company & Competitor Analysis
15. Consumer Decision Journey ( McKinsey Consumer Decision Journey)
16. Core Competence Analysis
17. Cost Structure Analysis
18. Customer Experience
19. Customer Satisfaction Analysis
20. Customer Value Proposition
21. Fiaccabrino Selection Process
22. Financial Ratios Analysis
23. Gap Analysis
24. Industry Attractiveness & Business Strength Assessment
25. Key Purchase Criteria
26. Key Success Factors (KSF)
27. Market Sizing & Share
28. McKinsey 7-S
29. Net Present Value
30. PEST Analysis
31. Porter Competition Strategies
32. Porter's Five Forces
33. Portfolio Strategies
34. Price Elasticity
35. Product Life Cycle
36. Product Substitution
37. Relative Cost Positioning
38. Rogers' Five Factors
39. Scenario Techniques
40. Scoring Models
41. Segment Attractiveness
42. Segmentation & Targeting
43. Six Thinking Hats
44. Stakeholder Analysis
45. Strengths & Weaknesses Analysis
46. Structure-Conduct-Performance (SCP)
47. SWOT Analysis
48. SWOT Strategies
49. Treacy / Wiersema Market Positioning
50. Value Chain Analysis
51. Venkat Matrix
Business Development Framework
To get from an idea down to volume production is a long way, don’t miss out important steps to have a successful launch.
The framework gives you a guideline to walk down the stony road into volume production.
This is a preview of the Complete Business Frameworks Reference Guide/Toolkit. The full document can be downloaded here:
https://flevy.com/browse/business-document/complete-business-frameworks-reference-guide-644
The Complete Business Frameworks Reference Guide is a very comprehensive document with over 300+ slides--covering 50 common management consulting frameworks and methodologies (listed below in alphabetical order). A detailed summary is provided for each business framework. The frameworks in this deck span across Corporate Strategy, Sales, Marketing, Operations, Organization, Change Management, and Finance.
These frameworks and templates are the same used by top tier consulting firms, such as McKinsey, Bain, BCG, Booz, Monitor Group, Deloitte, Accenture, IBM, E&Y, LEK, AT Kearney, Roland Berger, Oliver Wyman, and others.
INCLUDED FRAMEWORKS & METHODOLOGIES:
1. ABC Analysis
2. Adoption Cycle
3. Ansoff Market Strategies
4. Balanced Scorecard
5. BCG Growth-Share Matrix
6. Benchmarking
7. Blue Ocean Strategy
8. Break-even Analysis
9. Business Unit Profitability
10. Economics of Scale
11. Environmental Analysis
12. Experience Curve
13. Cluster Analysis
14. Company & Competitor Analysis
15. Core Competence Analysis
16. Cost Structure Analysis
17. Customer Experience
18. Customer Satisfaction Analysis
19. Customer Value Proposition
20. Fiaccabrino Selection Process
21. Financial Ratios Analysis
22. Gap Analysis
23. Industry Attractiveness & Business Strength Assessment
24. Key Purchase Criteria
25. Key Success Factors (KSF)
26. Market Sizing & Share
27. McKinsey 7-S
28. Net Present Value
29. PEST Analysis
30. Porter Competition Strategies
31. Porter's Five Forces
32. Portfolio Strategies
33. Price Elasticity
34. Product Life Cycle
35. Product Substitution
36. Relative Cost Positioning
37. Rogers' Five Factors
38. Scenario Techniques
39. Scoring Models
40. Segment Attractiveness
41. Segmentation & Targeting
42. Six Thinking Hats
43. Stakeholder Analysis
44. Strengths & Weaknesses Analysis
45. Structure-Conduct-Performance (SCP)
46. SWOT Analysis
47. SWOT Strategies
48. Treacy / Wiersema Market Positioning
49. Value Chain Analysis
50. Venkat Matrix
The level of detail varies by framework, depending on the nature of the management model. Examples, templates, and case studies are provided.
Complete Business Frameworks Toolkit - Strategy, Marketing, Operations, Consu...Flevy.com Best Practices
Download this primer now from slideshare.
Full version here:
https://flevy.com/browse/business-document/complete-consulting-frameworks-toolkit-644
This is a very comprehensive document with over 350+ slides--covering 51 common management consulting frameworks and methodologies (listed below in alphabetical order). A detailed summary is provided for each business framework. The frameworks in this deck span across Corporate Strategy, Sales, Marketing, Operations, Organization, Change Management, and Finance.
These frameworks and templates are the same used by top tier consulting firms. With this comprehensive document in your back pocket, you can find a way to address just about any problem that can arise in your organization.
The level of detail varies by framework, depending on the nature of the management model. Examples, templates, and case studies are provided.
FULL LIST OF MANAGEMENT CONSULTING FRAMEWORKS & METHODOLOGIES:
1. ABC Analysis
2. Adoption Cycle ( Consumer Adoption Curve)
3. Ansoff Market Strategies
4. Balanced Scorecard
5. BCG Growth-Share Matrix
6. Benchmarking
7. Blue Ocean Strategy
8. Break-even Analysis
9. Business Unit Profitability
10. Economics of Scale
11. Environmental Analysis
12. Experience Curve
13. Cluster Analysis
14. Company & Competitor Analysis
15. Consumer Decision Journey ( McKinsey Consumer Decision Journey)
16. Core Competence Analysis
17. Cost Structure Analysis
18. Customer Experience
19. Customer Satisfaction Analysis
20. Customer Value Proposition
21. Fiaccabrino Selection Process
22. Financial Ratios Analysis
23. Gap Analysis
24. Industry Attractiveness & Business Strength Assessment
25. Key Purchase Criteria
26. Key Success Factors (KSF)
27. Market Sizing & Share
28. McKinsey 7-S
29. Net Present Value
30. PEST Analysis
31. Porter Competition Strategies
32. Porter's Five Forces
33. Portfolio Strategies
34. Price Elasticity
35. Product Life Cycle
36. Product Substitution
37. Relative Cost Positioning
38. Rogers' Five Factors
39. Scenario Techniques
40. Scoring Models
41. Segment Attractiveness
42. Segmentation & Targeting
43. Six Thinking Hats
44. Stakeholder Analysis
45. Strengths & Weaknesses Analysis
46. Structure-Conduct-Performance (SCP)
47. SWOT Analysis
48. SWOT Strategies
49. Treacy / Wiersema Market Positioning
50. Value Chain Analysis
51. Venkat Matrix
Business Development Framework
To get from an idea down to volume production is a long way, don’t miss out important steps to have a successful launch.
The framework gives you a guideline to walk down the stony road into volume production.
Business Development And Operational Plan PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Management Consulting Toolkit with Great Powerpoint PresentationsAurelien Domont, MBA
Go to www.slidebooks.com to Download and Reuse Now a Management Consulting Toolkit with Great Powerpoint Presentations | Created By ex-McKinsey & Deloitte Consultants.
Go to www.slidebooks.com to access the editable version in Powerpoint and Excel of this Business Toolkit created by former management consultants from Deloitte and McKinsey.
Starting a new job could be a stressful time of one's life. It seems that all the pressure's on to make the perfect impression but not annoy any future colleagues. How to manage this transition? Ron Elsdon specializes in career development and walks us through navigating the first 90 days of a new job. See the complete webinar at http://bit.ly/aT9F3I
Project Management Overall Approach created by ex-McKinsey, Deloitte & BCG Consultants specialized in Project Management. Powerpoint version Downloadable at www.slidebooks.com.
Business Development Strategy For Any Organization Powerpoint Presentation Sl...SlideTeam
"You can download this product from SlideTeam.net"
Business Development Strategy For Any Organization PowerPoint Presentation Slides is appropriate for entrepreneurs to showcase ways to expand business horizons. Our business strategy PPT theme helps you to outline marketing, customer, product, geographic, distribution, service, pricing, sales, and other strategies. Demonstrate the perfect growth strategy formula and its components by the means of this strategic business development plan PowerPoint template deck. Represent the product use cases, product dimensions that need improvement, and with the help of this business expansion PPT slideshow. The impactful data visualization tools of business growth plan PowerPoint theme help you to elucidate product, process, position, and paradigm innovation. The concise tabular format included in our corporate development plan PPT template assists you in analyzing your product against the competitors. Explain your target market and ways to strengthen the target market using the eye-catching graphical layouts of development planning PowerPoint presentation. So, download this company growth strategies PPT deck and create a captivating presentation within moments. https://bit.ly/3nt3o8E
Post Merger Integration Toolkit - Framework, Best Practices and TemplatesAurelien Domont, MBA
This Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 2000 hours of work. It is considered the world's best & most comprehensive Post Merger Integration Toolkit. It includes all the Frameworks, Tools & Templates required to increase the value creation of your Mergers & Acquisitions. This Slideshare Powerpoint presentation is only a small preview of our Toolkit. You can download the entire Toolkit in Powerpoint and Excel at www.slidebooks.com
This Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Strategy Consultants, after more than 3,000 hours of work. It is considered the world's best & most comprehensive Strategy Toolkit. It includes all the Frameworks, Analysis Tools & Document Templates required to excel in a Strategy position and define & implement a winning Strategy for your organization. This Slideshare presentation is only a small sample of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
Annual Business Plan PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Annual Business Plan Powerpoint Presentation Slides. This PPT deck displays fourty one slides with in depth research. Our topic oriented Annual Business Plan Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographs for an inclusive and comprehensive Annual Business Plan Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
Management Consulting Approach to Problem SolvingAsen Gyczew
Time and again you will come across problems that are seeming unsolvable. In many cases you don’t even know how to approach them. Luckily, there are a lot of nice management consulting tools, techniques and frameworks that will help you solve every day problems. You don’t have to go to top consulting firm to master them. You can master them by taking my course.
This course will help you drastically improve your skills in solving problems using management consulting tools, techniques and frameworks. In this course we will mainly concentrate on solving real life problems like: goal settings and defining what and when to do, estimating the cost of a wedding, losing weight and getting in shape, deciding whether to do an MBA or not, choosing the right boyfriend / girlfriend, deciding whether you should buy a car or not, deciding when to retire and many more. If you have a specific problem just let me know and I will give you tips on how to solve it using the tools presented in this course.
The course is designed for people who want to become more data driven and less emotional in the way they solve problems and make decisions. Thanks to the course you will be making better decisions and solve problems that have seemed so far unsolvable. In the course you will learn 3 things:
1. What consulting techniques, tools and frameworks there are
2. When to apply each and one of them
3. How to use them in practice including examples how to calculate specific things in Excel
This is a part of my online course: http://bit.ly/SolvingProblemsHacks
Management Consulting Toolkit - Framework, Best Practices and TemplatesAurelien Domont, MBA
This Toolkit was created by ex-McKinsey, Deloitte & BCG Consultants, after 2,000+ hours of work. It is considered the world's best & most comprehensive Management Consulting Toolkit. It includes all the Frameworks, Tools & Document Templates required to improve the Management Consulting Capability of your organization & excel as a Management Consultant. This Slideshare Powerpoint presentation is only a small preview of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
Business Development And Operational Plan PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Management Consulting Toolkit with Great Powerpoint PresentationsAurelien Domont, MBA
Go to www.slidebooks.com to Download and Reuse Now a Management Consulting Toolkit with Great Powerpoint Presentations | Created By ex-McKinsey & Deloitte Consultants.
Go to www.slidebooks.com to access the editable version in Powerpoint and Excel of this Business Toolkit created by former management consultants from Deloitte and McKinsey.
Starting a new job could be a stressful time of one's life. It seems that all the pressure's on to make the perfect impression but not annoy any future colleagues. How to manage this transition? Ron Elsdon specializes in career development and walks us through navigating the first 90 days of a new job. See the complete webinar at http://bit.ly/aT9F3I
Project Management Overall Approach created by ex-McKinsey, Deloitte & BCG Consultants specialized in Project Management. Powerpoint version Downloadable at www.slidebooks.com.
Business Development Strategy For Any Organization Powerpoint Presentation Sl...SlideTeam
"You can download this product from SlideTeam.net"
Business Development Strategy For Any Organization PowerPoint Presentation Slides is appropriate for entrepreneurs to showcase ways to expand business horizons. Our business strategy PPT theme helps you to outline marketing, customer, product, geographic, distribution, service, pricing, sales, and other strategies. Demonstrate the perfect growth strategy formula and its components by the means of this strategic business development plan PowerPoint template deck. Represent the product use cases, product dimensions that need improvement, and with the help of this business expansion PPT slideshow. The impactful data visualization tools of business growth plan PowerPoint theme help you to elucidate product, process, position, and paradigm innovation. The concise tabular format included in our corporate development plan PPT template assists you in analyzing your product against the competitors. Explain your target market and ways to strengthen the target market using the eye-catching graphical layouts of development planning PowerPoint presentation. So, download this company growth strategies PPT deck and create a captivating presentation within moments. https://bit.ly/3nt3o8E
Post Merger Integration Toolkit - Framework, Best Practices and TemplatesAurelien Domont, MBA
This Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 2000 hours of work. It is considered the world's best & most comprehensive Post Merger Integration Toolkit. It includes all the Frameworks, Tools & Templates required to increase the value creation of your Mergers & Acquisitions. This Slideshare Powerpoint presentation is only a small preview of our Toolkit. You can download the entire Toolkit in Powerpoint and Excel at www.slidebooks.com
This Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Strategy Consultants, after more than 3,000 hours of work. It is considered the world's best & most comprehensive Strategy Toolkit. It includes all the Frameworks, Analysis Tools & Document Templates required to excel in a Strategy position and define & implement a winning Strategy for your organization. This Slideshare presentation is only a small sample of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
Annual Business Plan PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Annual Business Plan Powerpoint Presentation Slides. This PPT deck displays fourty one slides with in depth research. Our topic oriented Annual Business Plan Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographs for an inclusive and comprehensive Annual Business Plan Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
Management Consulting Approach to Problem SolvingAsen Gyczew
Time and again you will come across problems that are seeming unsolvable. In many cases you don’t even know how to approach them. Luckily, there are a lot of nice management consulting tools, techniques and frameworks that will help you solve every day problems. You don’t have to go to top consulting firm to master them. You can master them by taking my course.
This course will help you drastically improve your skills in solving problems using management consulting tools, techniques and frameworks. In this course we will mainly concentrate on solving real life problems like: goal settings and defining what and when to do, estimating the cost of a wedding, losing weight and getting in shape, deciding whether to do an MBA or not, choosing the right boyfriend / girlfriend, deciding whether you should buy a car or not, deciding when to retire and many more. If you have a specific problem just let me know and I will give you tips on how to solve it using the tools presented in this course.
The course is designed for people who want to become more data driven and less emotional in the way they solve problems and make decisions. Thanks to the course you will be making better decisions and solve problems that have seemed so far unsolvable. In the course you will learn 3 things:
1. What consulting techniques, tools and frameworks there are
2. When to apply each and one of them
3. How to use them in practice including examples how to calculate specific things in Excel
This is a part of my online course: http://bit.ly/SolvingProblemsHacks
Management Consulting Toolkit - Framework, Best Practices and TemplatesAurelien Domont, MBA
This Toolkit was created by ex-McKinsey, Deloitte & BCG Consultants, after 2,000+ hours of work. It is considered the world's best & most comprehensive Management Consulting Toolkit. It includes all the Frameworks, Tools & Document Templates required to improve the Management Consulting Capability of your organization & excel as a Management Consultant. This Slideshare Powerpoint presentation is only a small preview of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
FORWARD-LOOKING STATEMENTS:
DISCLAIMER
The presentation may contain forward-looking statements about future events within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended, that are not based on historical facts and are not assurances of future results. Such forward-looking statements merely reflect the Company’s current views and estimates of future economic
circumstances, industry conditions, company performance and
financial results. Such terms as "anticipate", "believe", "expect",
"forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forward-looking statements. Readers are cautioned that these statements are only projections and may differ materially from
actual future results or events. Readers are referred to the documents filed by the Company with the SEC, specifically the Company’s most recent Annual Report on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements,
including, among other things, risks relating to general economic
and business conditions, including crude oil and other commodity prices, refining margins and prevailing exchange rates, uncertainties inherent in making estimates of our oil and
gas reserves including recently discovered oil and gas reserves,
international and Brazilian political, economic and social developments, receipt of governmental approvals and licenses and our ability to obtain financing.
O Relatório de Sustentabilidade 2017 reúne dados do período de 1º de janeiro a 31 de dezembro de 2017 e apresenta conteúdos detalhados sobre nossa atuação corporativa, resultados e contribuições para a sociedade, práticas trabalhistas, meio ambiente, entre outros.
Confira destaques das nossas operações e resultados financeiros.
O Fact Sheet da Petrobras é uma publicação anual que consolida as informações relativas ao exercício fiscal. Nele você pode conferir o Perfil da Companhia, as Vantagens Competitivas, os Resultados Financeiros Consolidados, os Dados Operacionais e a Responsabilidade Social e Ambiental. Nossa Atuação Internacional também está presente no documento, assim como o Plano de Negócios da Petrobras e a Performance de nossas ações na Bovespa e em Nova Iorque (NYSE).
Check out highlights of our operations and financial results.
Petrobras’ Fact Sheet is an annual publication that consolidates the information relative to the fiscal year. In it, you can find the Company’s Profile, Competitive Advantages, Consolidated Financial Results, Operating and Social and Environmental Responsibility Data. The document also features our International Operations, as well as Petrobras’ Business Plan and the Performance of our shares at Bovespa and New York (NYSE).
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
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Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
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External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
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2. 2
FORWARD-LOOKING STATEMENTS:
DISCLAIMER
The presentation may contain forward-looking statements about future
events within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are not based on historical facts and are not assurances
of future results. Such forward-looking statements merely reflect the
Company’s current views and estimates of future economic
circumstances, industry conditions, company performance and financial
results. Such terms as "anticipate", "believe", "expect", "forecast",
"intend", "plan", "project", "seek", "should", along with similar or
analogous expressions, are used to identify such forward-looking
statements. Readers are cautioned that these statements are only
projections and may differ materially from actual future results or
events. Readers are referred to the documents filed by the Company
with the SEC, specifically the Company’s most recent Annual Report on
Form 20-F, which identify important risk factors that could cause actual
results to differ from those contained in the forward-looking
statements, including, among other things, risks relating to general
economic and business conditions, including crude oil and other
commodity prices, refining margins and prevailing exchange rates,
uncertainties inherent in making estimates of our oil and gas reserves
including recently discovered oil and gas reserves, international and
Brazilian political, economic and social developments, receipt of
governmental approvals and licenses and our ability to obtain financing.
Disclaimer
—
We undertake no obligation to publicly update or revise any forward-
looking statements, whether as a result of new information or future
events or for any other reason. Figures for 2016 on are estimates or
targets.
All forward-looking statements are expressly qualified in their entirety
by this cautionary statement, and you should not place reliance on any
forward-looking statement contained in this presentation.
In addition, this presentation also contains certain financial measures
that are not recognized under Brazilian GAAP or IFRS. These measures
do not have standardized meanings and may not be comparable to
similarly-titled measures provided by other companies. We are
providing these measures because we use them as a measure of
company performance; they should not be considered in isolation or
as a substitute for other financial measures that have been disclosed
in accordance with Brazilian GAAP or IFRS.
NON-SEC COMPLIANT OIL AND GAS RESERVES:
CAUTIONARY STATEMENT FOR US INVESTORS
We present certain data in this presentation, such as oil and gas
resources, that we are not permitted to present in documents filed
with the United States Securities and Exchange Commission (SEC)
under new Subpart 1200 to Regulation S-K because such terms do not
qualify as proved, probable or possible reserves under Rule 4-10(a) of
Regulation S-X.
3. WHERE WE ARE
WHERE WE WANT TO BE
HOW WE WILL GET THERE
LONG TERM STRATEGIC DRIVERS
3
5. Uncertainties in the global economy
—
Stagnation in Europe and Japan
Slowdown in China
Middle East scenario
U.S. elections and FED monetary policy
Brexit
5
6. Excess supply pushes oil prices down
—
Supply and demand balance
Source: U.S. Energy Information Administration
Average deficit: 0.1 kbpd Average surplus: 1.7kbpd
-0.2
-1.2
-0.6
1.4
0.5
-0.8
-0.9
-0.5
0.2
-0.4
-0.9
0.5
0.7
0.4
1.9
1.8
2
1.4
2.4
1.3
0.9
6
2011 2012 2013 2014 2015 1Q16 2Q16
7. Uncertainties in the oil industry
—
20
40
60
80
100
120
140
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Source: Bloomberg. Data as of 09/13/2016
7
Brent Price Trend (2005 – 2016)
(US$/bbl)
Sharp drop in oil
prices
8. Transformations facing the oil industry
—
Changes in the competitive scenario: shale oil/gas
Portfolio optimization
Asset sales
Lower capex and opex
Capital and financial discipline
Adjustments to the workforce
8
9. The Brazilian context
—
9
Lava Jato
Challenging economic scenario
Fiscal imbalance
Deep and prolonged recession
Rising unemployment
Inflation above target
Political transition
Program of Public Private Partnerships with the federal government
10. Petrobras context
—
10
High levels of debt, with concentrated maturities
Increasing costs associated with debt renewals
Challenging regulatory framework
Local Content requirements
Obligatory pre-salt participation
Frequent Structural changes
(Unification of fields and tax hikes)
Judicial disputes
14. An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
OUR VISION
14
16. Main Metrics of Strategic Plan (SP) and Business and Management Plan (BMP)
—
SAFETY FINANCIAL
Reduction of
36%In the Total Recordable Injury
Frequency Rate (TRIFR*)
Reduction in
LEVERAGE
Net Debt/EBITDA
* TRIFR = number of reportable injuries per million man-
hours
TO
2.5
by 2018
FROM
5.3
in 2015
TO
1.4
in 2018
FROM
2.2
in 2015
16
18. Highlights of the Plan
—
main metrics drive the strategy
Unified Plan
New management system
with targets up to supervisory level
Disciplined execution: systematic monitoring of
goals with mid-course corrections
New tools of
cost management
Meritocracy
2
(SP and BMP)
18
Engagement of the leadership
20. A world of change in the two
leading global economies, the USA
and China, but without any
important changes to the energy
matrix and the values and behavior
of society.
STREAM CORAL
Transformation of consumer
behavior and values, with transition
to a low-carbon matrix.
Fight against corruption
and better internal
controls
SHOAL
Natural gas assumes a more
important role in the energy
matrix while society is concerned
with local environmental issues.
Base case scenario
Petrobras is working with 3 long-term scenarios
—
20
21. Main variables in the base case scenario
—
48
Brent Prices
(US$/bbl - base year 2016)
Nominal exchange rate
(R$/US$)
56
68
71
0
40
80
120
2016 2017 2018 2019 2020 2021
Source: Petrobras; IHS, PIRA, IEA, Focus report
Range of estimates(IHS, PIRA and IEA)
71
45
21
Petrobras
3.48 3.55
3.71 3.72 3.74 3.78
2,20
2,70
3,20
3,70
4,20
4,70
2016 2017 2018 2019 2020 2021
Intervalo Focus Petrobras
4.70
4.20
3.70
3.20
2.70
2.20
Market forecast
Range of estimates (IHS,PIRA and IEA)
24. Partnerships and divestments
—
2015-2016 2017-2018
19.5
15.1
Amount in US$ Billion
24
Benefits of the partnerships
Risk sharing
Capex reduction
Increased capacity to invest along the value chain
Technological exchange
Strengthening of corporate governance
The partnerships and divestments program of
Petrobras leverages third parties investments
that might surpass US$ 40 Billion* in the next
10 years.
* Does not consider investment of suppliers to increase capacity
25. Investment spending by Petrobras (Capex)
—
25
2017 Capex
US$ 19.2 Billion
0,00
20,00
40,00
60,00
80,00
100,00
PNG 2015-2019
(revisão JAN 2016)
PNG 2017-2021
81%
82%
17%
17%
2%
1%
Comparison of total capex
(US$ Billion)
Exploration & Production (E&P) Other segmentsRefining & Natural Gas (RNG)
98.4
74.1
-25%
2015-2019 BMP
(Jan 2016 review)
2017-2021 BMP
26. Strategies
—
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
26
3 strategies
27. Strategies
—
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
27
4 strategies
28. Strategies
—
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
28
4 strategies
29. Strategies
—
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
29
7 strategies
30. Strategies
—
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
30
3 strategies
31. 72initiatives
Main themes
—
21strategies
Implantation of
Zero Based
Budgeting
Strengthening
of internal
controls
Merit-based
performance
management
Strengthening
of the safety
culture
Streamlining
decision
making
Improvement of
risk
management
31
Reinforcing
prevention
against
corruption
33. Strategies
—
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
Manage the E&P project portfolio in an integrated manner
Prioritize development of deep-water production, with a focus on
strategic partnerships, combining technical competencies and
technologies
Manage the exploratory portfolio in order to maximize economic
viability thereby ensuring the sustainability of oil and gas
production
Continually improve upon productivity and cost reduction while
following best international practices
Strengthen reservoir management to maximize the value of E&P
contracts in all the regulatory regimes, seeking opportunities to
continuously incorporate reserves
33
34. We still have many challenges ahead
—
34
Access to already
discovered volumes and
increase in the value of
existing assets with the
participation of strategic
partners
2018
MANAGEMENT of reservoirs and increase in recovery factor
Portfolio management with
a focus on profitability
and cash generation in the
short term, with the aim of
deleveraging
TODAY
Opening of new
exploratory frontiers
and intensification of
pre-salt development
2020+
35. Value creation through portfolio optimization
—
Oil fields
Consolidated
view of the portfolio
Lower riskHigher risk
HigherreturnLowerreturn
Illustrative example
35
A
B
C
D
E
F
G
I
JH
K
36. Pre-Salt Post-Salt
34% 66%
Production Development
+ Exploration
Total E&P
US$ 60.6 billion
Upstream capex breakdown
—
Suporte Operacional Exploração
13% 11%
76%
36
Production developmentExploration Operational support
Concession
Transfer of Rights
Production Sharing (Libra)
37. 37
Greater well productivity
in concessions
Experience acquired
in well construction
Fewer wells to top capacity
3 times faster
Shorter well construction time
in concessions
2016
2010
26
20
2016
2010
6
8
kbpd/well
Until 2016
Until 2010
124
3
2016
2010
89
310
Days construction
per well
Efficiency gains: Santos Basin pre-salt case
—
+ 30% productivity - 25% wells
204 wells drilled
Lower capex
for the same
production
Number of wells built
(drilled and completed)
Producing wells
38. Lula field: faster well construction and connection
—
2010 2016
60%
reduction in well
construction and
connection times
6 units in
Angra dos Reis
Paraty
Itaguaí
Mangaratiba
Maricá
Saquarema
1 unit in
Angra dos Reis
38
39. Increased share of pre-salt in the
portfolio, with lower lifting costs
Gains from contractual renegotiations
Management of drilling rig idleness
Optimization of support vessel logistics
Reduction in labor costs
Reduction in operating costs
—
Lifting Cost (US$/boe)
0
2
4
6
8
10
12
14
16
2014 2015 2016 2017-2021*
14.6
12
11
9.6
* Average for the period
39
41. 41
0
1
2
3
4
2017 2021
Produção Óleo, LGN e Gás
Oil+ NGL Brazil
Oil + gas International
2.52
3.34
2.07
2.77
Natural gas Brazil
2.62
3.41
Production profile
—
Oil , NGL* and Gas production
(million boed)
* Natural Gas Liquids
43. Strategies
— Reduce Petrobras’ E&P, Refining, Transportation, Logistics,
Distribution and Sales risk through partnerships and divestments
Promote a market parity price policy and maximize margins in the
value chain
Optimize the business portfolio, withdrawing entirely from biofuel
production, LPG distribution, fertilizer production and
petrochemical interests, preserving technological competencies in
areas with development potential
Maximize value creation in the gas chain, aligned with regulatory
developments, ensuring the monetization of proprietary production
and optimizing participation in the chain of natural gas as a fuel of
transition to the long term
Restructure the Energy Businesses, consolidating the
thermoelectric assets and other businesses in this segment, seeking
the alternative that maximizes value for the company
Review the Lubricant business, with the purpose of maximizing
value creation to Petrobras
43
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
44. 33%
25%
11%
24%
7%
RTC - Operational continuity RTC - Capital investments
G&E - Operational continuity G&E - Capital investments
Others (Petrobras Distribuidora, PBIO and R&D)
Total RNG
U$S 12.4 Billion
44
RTC: Refining, Transportation and Commercialization; G&E: Gas & Energy; PBIO: Petrobras Biocombustível; R&D: Research & Development.
Refining and Natural Gas capex breakdown
—
45. 2014 2015 2016 2017-2021
0.49
0.37
0.31
0.29
Integration of common and
interdependent activities among the
refineries
Optimization of support resources
Optimization of the consumption of
power, catalyzers and chemicals
Optimization of maintenance
expenditures
Reduction in operating costs
—
Refining Cost
(US$ thousand/UEDC1)
451. Unit of equivalent destilation capacity
2. Average for the period
2
46. Main Projects
—
46SNOX: emission reduction unit;
UTGCA: Monteiro Lobato Gas Treatment Unit .
Seeking partnership
Seeking partnership
In final stages
100 kbpd 130 kbpd
SNOX unit
(under procurement)
1st refining unit
(Train I)
2nd refining
unit (Train II)
Gas Processing
Unit
Refinery
RNEST (Abreu e Lima)
COMPERJ
Expansion of UTGCA
under study
Route 1
Pre-salt gas flow
Gas pipeline and Gas Processing
Unit implementation
Route 3
48. Strategies
—
Enable the conception and implementation of projects with low
break-even oil prices, complying with safety and environmental
requirements
Ensure the constant development of technological competencies
in areas with development potential, strengthening the
performance of the current business and opening options for
competitive operations with low-carbon and renewable energy
technologies and refinery-petrochemical integration
48
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
49. 49
What is the contribution of technology for the Business and Management Plan?
—
Subsea system
Wells optimization
Focus:
Partnership between operators and
suppliers
Improvement:
History/future:
Procap Prosal Cost Reduction
Program
Reduction of CO2 emissions
Natural gas as a transition fuel
Focus:
Monitoring new business opportunities
Improvement:
Energy efficiency/water consumption
Current Price Scenario
Capex Opex
Costs Reduction
Future Scenario
Reducing
Emissions
Energy
Company
Sustainability
50. LEGEND
CONCESSION
PSA
TRANSFER OF
RIGHTS
50
Start-up of new production units
—
2017 2018 2019 2020 2021
TARTARUGA
VERDE E MESTIÇA
LULA NORTE
LULA SUL
TLD DE LIBRA
BÚZIOS 2
BÚZIOS 1
BÚZIOS 3
BÚZIOS 4 BÚZIOS 5
PILOTO LIBRA
REVIT. DE MARLIM
MÓD. 1
REVIT. DE MARLIM
MÓD. 2
LIBRA 2 NW
ITAPU
INTEGRADOPARQUE
DASBALEIAS
BERBIGÃO
LULA EXT. SUL
ATAPU 1
SÉPIA
52. Strategies
—
Promote an environment of participation and mutual trust,
focused on results that add value, with safety, ethical conduct,
responsibility, encouragement of active debate, meritocracy,
simplicity and compliance
Align social responsibility actions with the company’s projects
Manage the process of contracting goods and services with a
focus on value, aligned with international standards and metrics,
meeting compliance requirements, maintaining flexibility in
adverse and volatile demand scenarios and contributing to the
development of the chain as a whole
52
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
53. 53
Program: Commitment to Life
—
Training focused on knowledge of risks and processes
Continuous training program on “Golden Rules” to the whole workforce
Accountability framework with a different approach to error and violation;
and positive practices and attitudes
Management assessment process with focus on process safety asset
integrity and risk management, with mandatory correction of critical
deviations
Improvement of HSE performance management of contractors and
suppliers, with the application of the accountability framework
Enhancement
of the risk-
based safety
process
Accountability
framework
Obligation to
act
Integrated
Actions
LEADERSHIP COMMITMENT
54. 54
Attracting and retaining
Assessment and performance management
based on objective metrics
talents
54
Meritocracy
Culture change driven for results
Skills Management
Compensation based on performance
Personnel Management
—
55. Reduction in labor costs
—
employees, of which 2,470
from the 2016 Program
9,670 employees are expected to leave by mid-
2017, of which 400 from the 2014 Program
9,270
55
Voluntary Severance Incentive Programs 2014-2016
Decrease of contractors
114,000 since December 2014*
* Service contractors of worksite and assembly, administrative, operations, scheduled maintenance and abroad.
56. COMPLIANCE
Standardization
Selection of
suppliers
Decision-making
and controls
Planning
Incentives
alignment
Inventory
reduction
PROJECTS
AND OPERATION
Management of the procurement process
—
Supplier management:
• Quality
• Financial risk
• Integrity risk
• HSE risk
Strategy to reduce
budgetary risks
RISKS
TCO – Total Cost
of Ownership
Co-engineering
(supplier market)
New business models
Supplier development
VALUE
GENERATION
56
58. Strategies
—
Strengthen internal controls and governance, ensuring
transparency and an effective system for preventing and combating
irregularities, without prejudice to agility in the decision-making
process
Recover Petrobras’ credibility and strengthen its relation and
reputation with all its stakeholders, including the controlling and
supervisory bodies of the company
58
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
59. Due diligence counterparty
Integrity background check for
candidates to key positions
Adherence to the Code of Ethics and
the Guide to Ethical Conduct for 100%
of employees
Board of Directors and Executive
Board are selected exclusively by
technical criteria
Independent whistleblower channel
Correction Committee
Foreign Corrupt Practices Act
DOJ and SEC
UK Bribery Act
Brazilian Law 12.846/2013
Brazilian Decree-Law 8.420/2015
Brazilian Law 13.303/2016
CORRUPTION
PREVENTION
Program
Code of
ETHICS
59
Measures adopted to strengthen compliance
—
60. Review of the decision-making process
Elimination of approvals by single individuals
Creation of statutory technical committees
Statutory Audit Committee
New Advisories Committees for the Board of Directors
Alignment of guidelines for all companies in Petrobras System
Definition of succession process for managerial and executive positions
Reorganization of the structure of the company
60
Measures adopted to strengthen governance
—
62. Strategies
—
Ensure disciplined use of capital and return to shareholders in all
Petrobras projects, with high reliability and predictability in the
delivery
Operate with an emphasis on partnerships and divestments as key
value generation elements
Maintain transparent, respectful and proactive dialogue
with all stakeholders, through the use of the best and most up-to-
date internal and external communication practices
62
An integrated energy company
focused on oil and gas that
evolves with society, creating
high value, with a unique
technical capability
63. Sources and Uses
—
158
19
2
Sources
74
73
32
Uses
Partnerships and divestments are
essential to enable the planned
capex
179 179
63
Investments
Amortizations
Financial Expenses Operating Cash Flow (after dividends)
Use of Cash
Partnerships and Divestments
Sources and Uses 2017-2021
(US$ billion)
No requirement for new net debt
during the 2017-2021 period
64. Main risks*
—
Material changes to market conditions
Divestments and partnerships below plan
Judicial disputes
Renegotiation of the Transfer of Rights terms
Impact of Local Content on costs and timing of the projects
Delays in the construction of platforms
Higher than expectedcapex
*These risks are not exhaustive
Risks and mitigating activities
managed by accountable
people
66. We will continue to strengthen our company to become a
reference in ethics, governance, process integrity, safety and
productivity
Our company will be guided by business principles in
compliance with its social objectives
We will move ahead with a prudent and sustainable approach,
maintaining a long-term view on financial, environmental and
social aspects
We will be one of the best companies to work for, with
meritocracy as the key pillar for recognizing our employees’
development
We will consider opportunities to increase our international
presence, taking advantage of the learnings of the past
66
67. We will seek alternative higher value added uses for oil,
including the integration between the refining and
petrochemical areas
We will continue to be at the forefront in deep water
technological development and knowledge
We will expand our expertise in renewable energy, seeking
competitiveness in the medium and long term
We will pursue a relevant share in the market of gas as a
transition energy to a low carbon society
We will continue to be Brazil's largest integrated energy
company focused on oil and gas and with a growing presence
in alternative energy
67