Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q3 2023 Earnings Call Transcript November 10, 2023 8:30 AM ET
Company Participants
Jean Paul Prates - Chief Executive Officer
Sergio Caetano Leite - Chief Finance and Investor Relations Officer
Ana Paula Zettel - Executive Director for Partnerships and Exploration and Production Processes
Mauricio Tolmasquim - Chief Energy Transition and Sustainability Officer
Carlos Travassos - Chief Engineering, Technology and Innovation Officer
William Franca - Chief Industrial Processes and Products Officer
Claudio Schlosser - Chief Logistics, Commercialization and Market Officer
Conference Call Participants
Operator
Good morning, and welcome to Petrobras Earnings Results Webcast for the Third Quarter of 2023. It's a pleasure to be here with you. This event is being held in Portuguese and it is simultaneously translated into English. Links to hear both languages are available on our Investor Relations page. We would like to inform you that all participants will be in listen-only mode during the company's presentation. After this introduction, we will have a questions-and-answers session, and you may send your questions to petroinvest@petrobras.com.br.
We have with us today Ana Paula Zettel, Executive Director for Partnerships and Exploration and Production Processes, representing the Executive Director of Exploration and Production, Joelson Mendes; Carlos Travassos, the Executive Director for Engineering, Technology and Innovation; Claudio Schlosser, Executive Director for Logistics, Commercialization and Markets; Maurício Tolmasquim, Executive Director of Energy Transition and Sustainability; Sergio Caetano Leite, Financial and Investor Relations Officer; and William França, Executive Director for Industrial Processes and Products.
To start off, we will hear a message from our CEO Jean Paul Prates.
Jean Paul Prates
Good morning to all of you. We are very proud to present the results of the third quarter of our management. Petrobras has once again achieved records and significant figures which highlight the quality of the work being done. We broke our quarterly record for operated oil and gas production, reaching around 4 million barrels of oil equivalent per day, which represents an 8% increase compared to the second quarter of this year.
Our results prove the high productivity of the pre-salt, this giants that collects exceptional results. Since December last year, we have already started up four new production platforms and we still have one more planned for the end of the year, with the start of production from FPSO Sepetiba in the Mero field. The installation of these five units in the space of 12 months is a major milestone. Adding 630,000 barrels to the company's oil production capacity.