As a scholar, he personally liked the Center because of its balance between basic and applied research.

This is what he has always strived for as an economist. CENPES is like a Sagres school, with legend said to
have been founded by the 15th century Portuguese explorer Prince Henrique to teach sailing and sailing
skills. Sagres shares the expertise of sailors with the knowledge of a scholar with the dreams of a
cartographer, just as CENPES connects practice and academic knowledge with innovative and
exploratory thinking. However, unlike Sagres, CENPES is located at the hub of research networks
throughout Brazil and around the world. He was convinced that if Prince Henry existed, he had created
such a network. They have signed contracts to conduct joint project research and technology exchanges
with 170 Brazilian universities and research centers and more than 70 international organizations. This is
because Petrobras is another way that Petrobras is a driving force for change across Brazil and promotes
the development of research and development capabilities in such a way as to urge partners to improve
environmental and social performance.

Center of Petrobras responsible for research and development (R & D) 

He focused on the story of his Environmental Initiative Because the story arc is very clear, from our
disaster earlier in the decade to their recovery and now their leadership. But in fact, they did not
wanted to distinguish between environmental stewards -. This is integrated into a broader CSR and
sustainability strategy that includes good corporate governance, transparency, and investment in social
development in particular in Brazil.

Recession definitely requires reassessing the allocation of capital in the short term. It is sometimes
necessary to temporarily cut investment spending across business lines until capital markets and oil
prices recover. However, they continued to support their commitment to exemplary sustainable
development and safeguarding the budget needed to achieve environmental goals . Our shareholders,
and society, should not expect anything more than that.