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    Jorge GabrichScotiabank

    Jorge Gabrich's questions to Petroleo Brasileiro SA Petrobras (PBR) leadership

    Jorge Gabrich's questions to Petroleo Brasileiro SA Petrobras (PBR) leadership • Q1 2025

    Question

    Jorge Gabrich asked about the Q1 decrease in the refinery utilization factor and the outlook for normalization, as well as key learnings from successfully anticipating production system startups.

    Answer

    William da Silva, Executive Director of Industrial Processes, explained the utilization factor remained strong at over 90% despite a major scheduled revamp at the RNEST refinery and is expected to average 92-93% for the year. Renata Baruzzi, Executive Director of Engineering, shared that key learnings include closer shipyard monitoring, pre-installing anchoring systems, and manning rigs during transit to accelerate on-site commissioning.

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