Petrobras (PBR)

26 Environment, health and safety

In the nine-month period and health were compatible with the best companies in the sector worldwide and in the period there were no significant oil spills.

This good performance has received a great deal of recognition both within and outside Brazil, and has contributed to the fact that Petrobras has continued, in September, to stay in that select group of companies that compose the Dow Jones Index of Sustainability. In Brazil, besides Petrobras, there are only another seven companies who are included in this index, and in the whole world Petrobras is the only Company in the petroleum and gas sector from the so-called emerging countries.

The company’s total expenditure on safety, environment and health (SMS), considering investments and operations, from January to September 2008 reached an accumulated amount of approximately R$ 3.210.000 thousand, of which R$ 1.642.000 thousand was spent on safety, R$ 1.306.000 thousand million on the environment and R$ 262.000 thousand on health. This does not include the expenditure related to the Multidisciplinary Health Plan (AMS) and support for external environmental programs and/or projects.

In the same period the Program for Excellence in Environmental Management and Operating Safety recorded investments and operations of approximately R$ 440.000 thousand.

26 Environment, health and safety

The continued improvement in Petrobras’ environmental performance, as specified in its Strategic Plan, is associated to the implementation of two major programs: Process Safety (PSP) and Excellence in Operational Safety and Environmental Management (Pegaso).

In the first half of 2008, total expenditure by the company on environment, health and safety (SMS), considering investments and operations, totaled R$ 2.037.000 thousand, of which R$ 1.015.000 thousand on safety, R$ 850.000 thousand on environment and R$ 172.000 thousand on healthcare. These totals do not include disbursements relating to the Multifaceted Health Plan (AMS) and support given to external environmental programs and/or projects.

In the first half of 2008, the Excellence in Operational Safety and Environmental Management Program (Pegaso) recorded total investments and operations in the order of R$ 286.690 thousand.