Petrobras will Invest R$ 4 bln in 2013

Source: www.gulfoilandgas.com 9/18/2013, Location: South America

The president of Petrobras, Maria das Gracas Silva Foster said, at a public hearing at the Senate, that the Company will invest R$ 4 billion in 2013 and R$ 21.2 billion between 2013-2017 in Information Technology and Telecommunications. For the president, the huge investment demonstrates the importance the Company attaches to protecting their strategic information". At Petrobras, from the moment we walked in the company, we have a culture of information security" she said.

During the joint hearing with the Parliamentary Commission for the Espionage Inquiry and the Economic Affairs and Foreign Relations committees in the Senate, the President explained that the company had constantly monitored and protected its information. As an example, she cited the quantity of emails that are preemptively blocked. "Between August 09 and September 09 we received 195.9 million e-mails. Of these, 16.5 million arrived at their destination" she said.

Graca Foster said that Petrobras has an Integrated Data Processing Center, which has restricted access, and that the Company’s strategic information does not go through the Internet. "The Company’s knowledge is held at the Data Processing Center. Critical information is stored in an encrypted closed system. Access to the center is controlled with biometrics, weighing and monitoring with cameras" she said. The President added that, despite working with partner companies and suppliers, only Petrobras holds all the information, only allowing the Company to read them. Additionally, Petrobras has contracts that provide for confidentiality.

On matters in the press realizing that the United States National Security Agency (NSA) has targeted Petrobras through espionage, the President said no violation of Petrobras systems had been recorded, but the presence of the Company’s name in reports has created "discomfort" and she said: "Systems used by Petrobras are among the most advanced on the market" emphasizing that investment in information security should be set to follow technological developments.

Libra

Senators asked if the Libra auction, scheduled for October 21, should be postponed because of the espionage allegations. The President argued that she didn’t see any reason to delay it because the National Agency for Petroleum, Gas Natural and Biofuels (ANP) provides the data to all the bidders.

Graca Foster also said that she considers Petrobras to be the most prepared company for the auction. "I apologize if I seem arrogant, but I don’t know of any other company that is as well prepared for Libra. Because it was Petrobras that defined the lease, drilled and made the discovery. It has the data, information and infrastructure" she concluded.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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