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Petrobras to join OGCI

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Hydrocarbon Engineering,

The Oil and Gas Climate Initiative (OGCI) has announced that Petrobras will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras board of directors.

The OGCI is a group of oil and gas companies that aims to formulate and lead the industry’s response to climate change and collaborate on reducing greenhouse emissions. The OGCI’s current members are BP, CNPC, Eni, Pemex, Repsol, Saudi Aramco, Shell, Statoil and Total.

Bob Dudley, Chair of the OGCI’s CEO steering committee and Group Chief Executive of BP, said: “International and national oil companies have come together in the OGCI to work to reduce greenhouse gas emissions, a key challenge for our industry and the world. Petrobras’s participation will increase the critical mass and momentum of our work and extends our coverage into an important new geography – South America.”

Pedro Parente, Petrobras CEO, said: “By joining OGCI, one of the industry’s leading initiatives on climate change response, Petrobras renews its commitment to reducing emissions and to a more efficient energy matrix and reinforces its strategic command to be fully prepared for a low carbon world. We are excited to join other OGCI member companies in their efforts to deliver the organisation’s ambitious goals.”

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