Pré-Sal Petróleo (PPSA) management is completing four years of operation this April. The period was marked by significant growth for the company. Production sharing contracts managed by PPSA increased from 14 in 2019 to 19 in 2023. The signed Production Individualization Agreements jumped from 7, in 2019, to 10, in 2023 and the accumulated collection increased from BRL 2 billion (2019) to BRL 9.29 billion (2023).

During the past four years, the company has improved its management processes for production sharing contracts, its governance, invested in technology, doubled its number of employees and registered record collections for the Union.

The current management is made up of the Chief Executive Officer, Eduardo Gerk, the Technical Director, Cristiane Formosinho Conde, the Administration, Finance and Marketing Director, Samir Awad and the Contract Management Director, Osmond Coelho Júnior. All with more than 35 years of experience in the oil and gas industry.

Check here a brief document with the main results obtained in the past four years.

By the end of the month, the company will publish the Annual Management Report for 2022, with the main highlights of the year, marked by the record collection of BRL 4.71 billion in the year with the sale of the Union’s share of oil and natural gas in the production sharing contracts. The collection was about four times the amount recorded in 2021 (R$ 1.22 billion). The result reflects the increase in production in production sharing contracts and the situation in the international oil price market. All funds raised by PPSA are directed to the National Treasury.