USA: Petrobras Scores Brace at Platts Global Energy Awards

Brazil’s Petrobras, one of the world’s largest integrated oil and gas companies, won two coveted awards at the 13th annual Platts Global Energy Awards held Thursday night at a black-tie dinner in New York City. – the “Energy Company of the Year” and “Energy Producer of the Year” – and Andrew Liveris, chief executive officer of U.S.-based Dow Chemical Company, scored “CEO of the Year.”

“Petrobras is to be congratulated for its impressive dual win, earned for its very real contributions to future generations through its new oil finds and production growth,” said Larry Neal, president of Platts, a leading global energy, petrochemicals and metals information provider and host of the event.

In selecting Petrobras for honors in two performance categories, the Platts Global Energy Awards’ independent panel of judges noted the oil giant’s solid track record of operational achievements, in particular its deep-water “pre-salt” oil discoveries, which are estimated to equal nearly half of Brazil’s current total oil output. The judges also highlighted the firm’s development of advanced technologies that speed wells into production, its nearly 90% drilling success rate in 2010, its aggressive refinery upgrades and expansion, and its firm focus on environmental safety.

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Offshore Energy Today Staff, December 2, 2011; Image: Platts