Pre-Sal Petróleo (PPSA) published, on Friday (5th), the Annual Letter of Public Policies and Corporate Governance and the Annual Management Report, both for 2022. Later this month, the 2022 Integrated Report will be published.

The Annual Letter is a report on the company activities, its governance practices, public commitment, risk controls and economic-financial data. The Annual Report also brings consolidated information on the work carried out throughout the year and provides the financial statements, previously published in the Official Gazette.

The year 2022 was marked by excellent results. Oil production under the production sharing regime was almost four times the production of 2021 and, at the end of the year, the company accounted for a record collection of BRL 4.71 billion for the National Treasury with the sale of the oil and gas portion native of the Union, 285% more than in the previous year.

The company managed 19 production sharing contracts, against 17 in 2021 and is preparing to receive another four contracts this year, as a result of the 1st Cycle of Permanent Production Sharing Offer. For the coming years, the outlook is for growth. According to a study presented at the company annual Technical Forum, from 2023 to 2032, the contracts will have an accumulated production of 7.7 billion barrels of oil. Of this total, the Union will have accumulated 1.9 billion barrels of oil.

Check this and other information about the company in the following documents:

Annual Letter on Public Policy and Corporate Governance

Annual Management Report