energy talks #014 - Magda Chambriard, Presidente da Petrobras

In the premiere of the 2025 edition of Energy Talks, a special guest: Magda Chambriard, president of Petrobras. Presenter Mariana Procópio hosts the program along with Felipe Maciel, director of Axios, and Gustavo Gaudarde, editor-in-chief of Axis. This is the first of 24 daily episodes of Energy Talks that will air from August 18th to September 18th, Monday to Friday, at 2 PM. Energy Talks is sponsored by Petrobras and the Federal Government. In this premiere, Magda Chambriard discusses production and investments, LPG, natural gas, regulation, and new exploratory frontiers. Key themes: Accelerating production: faster interconnections, FPSO Almirante Tamandaré, and the rising oil curve. LPG: high margins, possible domestic vs. industrial differentiation, and evaluation of returning to distribution (focus on large diesel consumers and opportunities in LPG). Natural gas: strategy to reduce prices through more onshore gas (investment, technology, and infrastructure); membrane replacement in Búzios adding +1 million m³/d per platform. Union Gas: guaranteed access to infrastructure and gas auction; discussion focuses on terms. Regulation: role of agencies, PEC (Proposed Constitutional Amendment) for agencies, outflow/processing, bottlenecks in transportation from Rio de Janeiro to São Paulo. Reference price (royalties/PE): risks for the revitalization of the post-salt (Northern Rio de Janeiro). Equatorial Margin / Amazon River Mouth: licensing schedule and regional development logic. Business plan: adaptation to the US$ 65/barrel level; review and simplification of projects (e.g., Sergipe Deep Waters). Leadership and diversity: parity in board representation and the trajectory of women in the sector. 👉 Subscribe to the channel and turn on notifications to be alerted about new broadcasts! Chapters 00:00 Opening and presentation of Energy Talks 2025 01:45 Opening sequence / message 02:26 Start of the interview with Magda Chambriard 00:04:55 “Those who bet against Petrobras will lose”: production and interconnections 00:06:22 FPSO Almirante Tamandaré (225 kbpd) and connection deadlines 00:07:23 Dividends vs. investment: ongoing plan review 00:08:48 Return to resale: diesel for large consumers and evaluation of LPG 00:12:02 LPG: market organization, uses and competition with natural gas 00:14:20 Gas price drop: numbers for distributors and the free market 00:17:17 LPG margins and evaluation of distribution opportunities 00:18:33 Natural gas policy: scaling the market with price Competitive 00:20:27 Cheaper gas = more gas onshore (+1 million m³/d per platform) 00:21:33 Domestic vs. industrial LPG: possibility of price differentiation 00:23:13 PEC of the agencies: technical role and risks of delays in decisions 00:27:48 Flow and processing: why dissociating E&P and UPGN is worrying 00:30:38 Risk is priced in: impact on viability and gas price 00:33:43 Union Gas: guaranteed access and auction (terms under discussion) 00:35:23 Unitized areas (PPSA): interest in ANP auctions 00:36:07 Amazon River Mouth: per capita energy and regional development 00:40:03 Climate vs. energy security: building consensus 00:48:23 Schedule in the Mouth: 1st well and campaign 6–7 Wells 00:51:13 Reference price (royalties/PE): alert for the post-salt 00:59:38 Sergipe Deep Waters: simplification and new bidding process 01:03:46 Next business plan: adjustment to oil at ~US$65 01:05:22 People and efficiency: revisiting projects and delivering value 01:05:47 Female leadership and merit in the board of directors 01:10:28 Closing and invitation to the next episodes --- eixos is the leading news agency in oil, gas and energy in Brazil. Join the eixos community on Whatsapp and social media: https://whatsapp.com/channel/0029Va97... #eixos #energytalks #petrobras #magdachambriard #ceo #petroleo