PETROBRAS Henrique Lage refinery - REVAP
1st quarter 2021 Performance
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Webcast
May 14, 2021
Disclaimer
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The presentation may contain forward-looking statements about future events 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.
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 2021 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
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2
ESG
Environmental,
Social and Governance
Safety as a value and fighting Covid-19
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TIR
Total recordable injuries
per million man-hours
2.15
1.63
1.08 | 1.01 | |||||
0.76 | ||||||
0.56 | 0.62 | |||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 1Q21 |
Ambition: zero fatalities
- Top metric TRI < 0.7
- 1Q21 within the Acceptable Maximum Limit for 2021
RECENT ACTIONS AGAINST COVID-19
- Donation of intubation medication to the Ministry of Health, in a joint action with other companies
- Acquisition of mini oxygen units to supply public hospitals, and donation of oxygen cylinders
- Change in platforms´ boarding schedule to reduce turnover and risk of contagion
4
Emission indicators
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1Q21 within the targets established in the Strategic Plan
CARBON INTENSITY E&P
kgCO2e/boe produced
17.5 17.3 15.8 16.0 17.0
2018 | 2019 | 2020 | 1Q21 Target or 2021 |
AML** |
CARBON INTENSITY REFINING
kgCO2e/CWT*
42.0 | 41.7 | 40.2 | 39.9 | 40.0 |
2018 | 2019 | 2020 | 1Q21 | Target or 2021 |
AML** | ||||
Absolute GHG emissions in 1Q21: 15.4 MMt CO2e
* The CWT (Complexity Weighted Tonne) of a refinery considers the potential CO2 | emission, in equivalence to distillation, for each process unit. | 5 |
** AML = Acceptable Maximum Limit | ||
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PETROBRAS - Petróleo Brasileiro SA published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 13:12:01 UTC.
