Brazil Energy Opportunities & Sustainability Commitments
Energy Transition: Highlights in the upstream
01
Since 2009, O&G production operated by Petrobras (who
operates more than 90% of the O&G production in Brazil)
increased more than 40% without increasing absolute
emissions. Also, Petrobras established several ESG
commitments in the E&P like zero routine flaring by 2030, 32%
reduction in carbon intensity and 30-50% reduction in
methane emissions by 2025. Brazil has already a high
produced gas utilization rate (more than 97,7% in Aug 2021).
10 Sustainability Commitments
BR PETROBRAS
1. Zero growth in absolute operating emissions until 2025
2. Zero routine flaring by 2030
CLIMATE
3. -40 MM ton CO2 reinjection in CCUS (Carbon Capture, Utilization and Storage) projects
4. 32% reduction in carbon intensity in the E&P segment by 2025, reaching 15 kgCO₂e/boe
WATER
WASTE
BIODIVERSITY
SOCIAL
RESPONSABILITY
5. 30%-50% reduction in methane emission intensity in the E&P segment by 2025
6. 16% reduction in carbon intensity in the refining segment by 2025, reaching 36 kgCO₂e/CWT
7. 30% reduction in freshwater capture in our operations with focus on incresing reuse by 2025
8. Zero increase in waste generation by 2025
9. 100% of Petrobras facilities with a biodiversity action plan by 2025
10. Investments in environmental and social projects
*Note: Carbon commitments related to 2015 base. Other commitments based on 2018.
Source: Petrobras (ESG Presentation, Oct 2020)
2
02
1,000
Ocean
2,000
3,000
Post-salt
4,000
5,000
Salt layer
6,000
7,000
Pre-salt
Source: gCaptain
Pre-Salt: globally competitive assets in the energy transition
scenario, with low breakeven and low GHG emissions
Low sulfur content
High productivity
Bacalhau oil discovery, to be operated by Equinor, is expected to
produce about 9 kg of carbon dioxide (CO2) per barrel, against a
global average of more than 17 kg per barrel.
Source: Reuters
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