• CERAWeek
  • March 18 - 22, 2024

Fernando Assumpcao Borges


Chief Exploration & Production Officer

Fernando Assumpção Borges is Chief Exploration and Production Officer at Petrobras in Rio de Janeiro, Brazil.  He holds a degree in civil engineering from the Federal University of Uberlândia, an Executive MBA from COPPEAD/UFRJ, and attended the Advanced Management Program at INSEAD (France). Borges began his career with Petrobras in 1983, and since then he has held various positions of increasing responsibility in the Exploration and Production area in Brazil, and abroad as E&P Managing Director in Petrobras Bolivia. He served as Executive Manager of Libra, and then Executive Manager of External Affairs, a position he held until April 2021. In this position, he was responsible for articulation with the Government at the Federal, State and Municipal levels, with the Regulatory Bodies and Associations, as well as with National and Foreign Representations. He served as a Director at the Brazilian Institute of Petroleum, Gas and Biofuels – IBP, and as Director of the Brazilian Association of Oil Exploration and Production Companies and Gas – ABEP, appointed by Petrobras from 2016 to 2021. He is currently a member of the Board of Directors of the IBP and the ABEP.

Sessions With Fernando Assumpcao Borges

Tuesday, 7 March

  • 07:15am - 08:20am (CST) / 07/mar/2023 01:15 pm - 07/mar/2023 02:20 pm

    Latin American Upstream: Competitiveness in global markets

    Upstream Oil & Gas
    The Latin American upstream oil & gas industry is facing increasing competition in global markets due to current geopolitical factors as well as the ongoing energy transition, where a growing emphasis on carbon emissions reduction and the implementation of climate policies are creating added pressures. Despite these challenges, Latin America remains an attractive upstream investment destination, offering a number of competitive advantages. Chief among them is the region’s diverse range of energy resources, which include some of the world’s most exciting hydrocarbon “advantaged-barrel” hotspots, not to mention massive gas discoveries awaiting extraction and development. In this context of increased global competition, what unique opportunities and challenges does Latin America offer upstream operators? What steps are companies taking to adapt to this new reality? How will exploration activity in the region be impacted?