Petrobrás: not the best moment to discuss oil exploration model

Petrobrás CEO Aldemir Bendine declared Monday (Sep. 21), after attending a meeting with the governing coalition leaders in the Chamber of Deputies, that the present moment "may not be appropriate" to discuss the oil exploration model. His comment concerned the vote on the urgency of the lower house bill that intends to change the current Brazilian oil exploration model.

Currently the regimes of concession, production sharing and onerous assignment are in force in the country. Although acknowledging that it is not Petrobrás' responsibility to legislate, Bendine called on the governing coalition leaders to not approve the vote on the urgency for the bill. "The debate is intense, it is part of the discussion in the Congress to analyze what is best. But we don't want to open a debate at a moment like the one the company and the industry itself have been experiencing," noted the CEO of the oil firm. 

The governing coalition leader, deputy José Guimarães, announced that the meeting with Bendine was very fruitful and that he spoke with great transparency of the good results that the company has achieved. "We convinced ourselves that the moment urges great caution. The idea is to discuss it later on. We will keep holding dialogue," he reported.

Translated by Amarílis Anchieta

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