Strategic Objectives
Conducting business responsibly.
"Over the past few years, SOMOIL has been taking important steps towards creating the necessary foundations for sustainable and profitable growth , which has resulted in a consistent conformance of our performance to international standards."
Edson R. dos SantosChairman of the Board and of the Executive Committee
in The Energy Year
2019-2023 Strategic Objectives
We are aware that we are navigating a highly challenging context that requires us to maintain a sense of responsibility and pragmatism in our actions based on the 6 strategic objectives defined.| 01
SAFETY AND INTEGRITY | Prioritize safety and integrity, eliminating serious incidents and strictly complying with environmental regulations. |
| 02
EFFICIENCY AND COST REDUCTION | Promote an immediate and continuous focus on efficiency and cost reduction, through initiatives integrated in the "EMAGRECE Program". |
| 03
PROFITABILITY | Improve profitability through continued increases in production - "Profitable barrels program" - and increased average selling prices through greater commercial competence. |
| 04
ORGANIZATIONAL EFFECTIVENESS | Improve organizational effectiveness through increased execution capacity ("Right person in the right place program") and introduction of new ways of working. |
| 05
05 EXTERNAL RELATIONS | Mature and expand external relations ("Ideal Partner Program"). |
| 06
RESERVE REPLACEMENT RATIO | Increase the reserve replacement ratio and diversify the business, thus preparing the company for the energy transition by exploring opportunities in renewable energy. |