Prates received a request on May 14 from the Rio de Janeiro-based company’s board to consider his early termination, the company announced in a press release. (Source: Shutterstock)
Petrobras’ Jean Paul Prates is expected to step down as CEO after a reported dispute with Brazil’s President Luiz Inácio Lula da Silva over dividend payments, according to Bloomberg.
Prates received a request on May 14 from the Rio de Janeiro-based company’s board to consider his early termination, the company announced in a press release.
RELATED
Petrobras Not in a Race with Guyana to Boost Production, CEO Says
Magda Maria de Regina Chambriard is expected to replace Prates as Petrobras’ CEO and as a member of the company’s board, Petrobras said in the release.
Most recently, Chambriard worked with Brazil’s oil regulator ANP.
Chambriard holds a Master's degree in Chemical Engineering from Alberto Luiz Coimbra Institute for Graduate Studies and Research in Engineering of the Federal University of Rio de Janeiro (COPPE/UFRJ) and a degree in Civil Engineering from UFRJ.
Additionally, the board removed Sergio Caetano Leite from the position of CFO and investor relations officer, and appointed the current Finance Executive Manager Carlos Alberto Rechelo Neto as interim, until the election of a new CFO.
Recommended Reading
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
E&P Highlights: Dec. 2, 2024
2024-12-02 - Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts.
What Chevron’s Anchor Breakthrough Means for the GoM’s Future
2024-12-04 - WoodMac weighs in on the Gulf of Mexico Anchor project’s 20k production outlook made possible by Chevron’s ‘breakthrough’ technology.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
2025-01-07 - Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.