The EIC is delighted to announce the Breakfast in Rio: Exploring the Brazilian E&P Landscape with Petrobras and PPSA

Petrobras, founded in 1953, is the largest oil company in Brazil and one of the largest in the world. The corporation currently operates across three distinct business segments: Exploration and Production; Refining, Transportation and Sales; and Gas and Low Carbon Energies. 

Recently, the company announced that the Alexandre de Gusmão FPSO, located in the Mero field in the pre-salt Santos Basin, began operations two months ahead of schedule. The platform, chartered from SBM Offshore, has a daily capacity of 180,000 barrels of oil and 12 million cubic metres of gas. 

This will be the fifth platform in the Mero field, joining Pioneiro de Libra, Sepetiba, Marechal Duque de Caxias, and Guanabara. According to Petrobras, with the start-up of Alexandre de Gusmão FPSO, the field’s production capacity will increase from 590,000 to 770,000 barrels per day. 

Petrobras plans to increase its production capacity and, to this end, intends to put eight new FPSOs into operation by 2030. Most of these units will operate in the Búzios and Mero fields, located in the Santos Basin. As part of this strategy, three tenders for new FPSOs are currently open: SEAP II, P-86, and P-88. 

PPSA (Pré-Sal Petróleo S.A.) has played a key role in maximising the federal government's return from pre-salt resources through the strategic management of production sharing contracts and the effective coordination of bidding processes such as the Permanent Offer under the Production Sharing regime (OPP). To achieve their goals, they prioritise administrative efficiency, continuously investing in process improvements and relying on highly qualified professionals with extensive experience in the oil and gas sector. The company ensures transparency in consortium governance and fosters a regulatory environment that is attractive to suppliers by streamlining procedures and encouraging the participation of small and medium-sized enterprises.

The oil and gas sector is undergoing significant expansion, driven by major developments: in the 1st Cycle of the OPP, held in December 2022, four blocks were awarded (Água Marinha, Norte de Brava, Bumerangue and Sudoeste de Sagitário), generating over R$ 916 m in signing bonuses and an estimated R$ 1.44 bn in exploration investments. The 3rd Cycle of the OPP, scheduled for auction on 22 October 2025, will offer 13 blocks in the Santos and Campos basins — regions that account for the majority of national production. With 15 companies already pre-qualified, expectations are high for a competitive bidding round. The flexibility of the permanent offer model, combined with the possibility of consortium formation, strengthens the appeal of Brazil’s pre-salt and paves the way for new opportunities across the entire supply chain.

During this breakfast edition, Stuart Broadley, CEO of the EIC, will deliver a special presentation on the key lessons learned from the Survive & Thrive initiative. In its ninth year, EIC's Survive and Thrive initiative continues to research the 15 most popular growth strategies used by the global energy supply chain in challenging market conditions. New and important findings have been revealed, such as the trend of companies and skilled professionals migrating in large numbers to the Middle East in response to short-term and inconsistent energy policies, as well as project delays in various other parts of the world — attracted by long-term and comprehensive policies across all areas of energy technology, as well as much higher supply chain growth rates in the region.

Event Details:   

Date: Tuesday, 19 August 2025 - 09:00 AM to 12:00 PM (BRT)   

Location: Windsor Guanabara Hotel, Av. Pres. Vargas, 392 – Centro – RJ

Ticket price: EIC Members: R$350 | Non-members: R$450  

Speakers  

- Lourenço Fróes, Programme Coordinator for new FPSOs – Petrobras  

- Leandra Ribeiro, Head of Strategic Planning - PPSA

- Stuart Broadley, CEO - EIC 

- Victoria Kegler, Energy Consultant - EIC 

*This event will be held both in Portuguese and English.

*The delegate lists distributed on the day of the event will include the names of those registered up to 2 days prior to the event date. In the days following the event, we will send an email with an updated delegate list with the names of all participants who registered after that deadline. 
 

If you are interested in enhancing your company's presence at this event, our events team has developed special sponsorship packages that will certainly meet your demands! Please feel free to contact us via email at [email protected]. 

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