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PETROLEUM INDUSTRY AND GLOBAL CITIZENSHIP

DEWHURST LECTURE, IN THE 20TH WORLD PETROLEUM CONGRESS

BY. GULHERME DE OLIVEIRA ESTRELLA

PETROBRAS EXPLORATION AND PRODUCTION DIRECTOR

DECEMBER, 8TH 2011

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GOOD AFTERNOON LADIES AND GENTLEMEN

FIRST OF ALL I WANT TO EXPRESS HOW I FEEL HONORED T O HAVE BEEN CHOSEN TO RECEIVE THE DEWHURST AWARD AND TO BE THE LECTURER TO CLOSE THIS 20TH WORLD PETROLEUM CONGRESS IN THIS BEAUTIFUL AND ULTRA MODERN CITY OF DOHA, QATAR.

MORE HONORED I AM BECAUSE THOMAS DEWHURST BESIDES HE HAS BEEN THE RESPONSIBLE BY THE CREATION OF HE FIRST WORLD P ETROLEUM CONGRESS IN 1933, HE BELONGED TO OUR SPECIAL TRIBE OF PETROLEUM GEOLOGIST.

THIS IS A VERY SPECIAL AND UNIQUE OCCASION FOR ME, GEOLOGIST BY GRADUATION, WORKING IN THE PETROLEUM INDUSTRY FOR M ORE THAN 45 YEARS - IT WAS MY ONLY JOB OVER ALL MY LIFE, IN THE SAME COMPANY, WHERE MY CAREER BEGAN IN 1965 AS WELL SITE GEOLOGIS T. WHEN I WAS 22.

I ALSO HAVE TO THANK ON BEHALF OF PETROBRAS, WHICH WAS THE COMPANY THAT GAVE ME FULL OPPORTUNITIES FOR PROFE SSIONAL AND PERSONAL GROWTH.

I I HAVE TO SHARE THIS AWARD WITH ALL MY COLLEAGUES OF THE TEAMS I HAD BEEN WORKED ALONG ALL MY PROFESSIONAL LIFE. PETROLEUM EXPLORATION IS ONE OF THE CLEAREST EXAMPLES OF TEAM WORKING ---WITH NOT SO CALM AND PEACEFUL TECHNICAL AND SCIENTI FIC DISCUSSIONS --- TO BUILD A PROPOSAL FOR THE DRILLIN G OF A WILDCAT WITH THE EXPENDITURE OF DOZENS MILLIONS OF DOLLARS

THIS IS NOT A TECHNICAL PRESENTATION. THE MODERN AN D UPDATED TECHNIQUES AND TECHNOLOGIES WHICH WE HAVE BEEN APPL IED IN OUR ACTIVITIES ARE NOT THE OBJECTIVE OF THIS SPEECH.

I WOULD LIKE TO SHARE WITH YOU, LADIES AND GENTLEME N, A REFLECTION ON THE DEEP SOCIAL AND POLITICAL AND ECONOMICAL CHA NGES THE WORLD SOCIETY IS PASSING AND THE ROLE OF OUR INDUST RY IN THE CONTEXT OF THIS XXI CENTURY.

I WOULD ALSO LIKE TO APOLOGIZE IN ADVANCE FOR SOME OF THE SLIDES I WILL SHOW THAT MAY CAUSE DISCOMFORT DUE TO THE REAL ISM OF THE WORLD WE LIVE IN.

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FIRST OF ALL, THERE IS NO DOUBT THAT WE WILL CONTIN UE TO BE THE MAIN ENERGY SUPPLIER TO HUMAN BEING OVER AT LEAST T HROUGH THE NEXT 50 YEARS, EVEN IF WE CONSIDER A HIGHLY ACCELER ATED DEVELOPMENT OF THE SO CALLED ALTERNATIVE ENERGY. THE COMPOSITION OF GLOBAL ENERGY MATRIX SHOULD NOT CHAN GE IN DETRIMENT OF THE CONTRIBUTION OF OIL AND NATURAL GA S.

THE CONTINUOUS GROWTH FO THE WORLD ENERGY DEMAND WI LL DEPEND UPON OIL AND NATURAL GAS FOR LONG TIME.

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ON THE HORIZON OF THE WORLD INDUSTRIAL DEVELOPMENT IT HAS NOT BEEN APPEARED YET A REAL SUBSTITUTE FOR OIL AND GAS THAT COULD BECOME REALITY IN VIEW OF THE ECONOMY, THE LONG TER M SUSTAINABILITY AND UNIVERSALITY OF CONSUMPTION, ACH IEVED BY THE FUELS WE PRODUCED IN THE LAST ONE HUNDRED AND FIFTY YEARS .

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AT THE SAME TIME, BIO-FUELS WILL HAVE TO CATCH AN I NTENSE STRUGGLE AGAINST THE PRODUCTION OF FOOD, WHOSE NEED IT IS SH OWING A SIGNIFICANT GROWTH IN ORDER TO FEED THE STARVING MO RE THAN ONE BILLION PEOPLE IN THIS WORLD.

FOOD PRICES SHOW DANGEROUS TREND OF INCREASE IN RECENT YEARS. CERTAINLY, SEVERAL FACTORS CONTRIBUTED TO IT, BUT W E CAN NOT FAIL TO CONSIDER THAT THE USE OF FERTILE LAND FOR THE PR ODUCTION OF RENEWABLE FUELS WILL BE MORE AND MORE DISCUSSED AND CRITICIZED BY GLOBAL SOCIETY.

ARABLE LANDS HAVE TO BE PRIMARILY USED BY FOOD CROP S NOT FOR PRODUCE FUEL. STARVING PEOPLE AND UNDERNOURISHMENT HAVE TOTAL PRIORITY TO BE FULFILLED, NO DOUBT ABOUT.

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NEW GEOLOGICAL FRONTIERS FOR EXPLORATION AND PRODUC TION ARE BEING QUICKLY ACCESSED. POLAR REGIONS AND ULTR ADEEP WATERS ARE ALREADY UNDER THE SCRUTINY OF OUR GEOLOGISTS AND GE OPHYSICISTS.

AT SAME TIME OUR INDUSTRY IS ALREADY SHOWING IMPORT ANT SIGNS OF ADDRESSING ATTENTION TO PRODUCE IN NEW RESERVOIR CO NDITIONS BY THE APPLICATION OF INNOVATIVE SOLUTIONS NOT YET THO UGHT AS THE SO CALLED UNCONVENTIONAL GAS, TODAY ALREADY PRESENT IN MANY REGIONS OF THE PLANET.

NEWLY DEVELOPED TECHNOLOGIES ARE ALSO MARKDELY PRES ENT IN MANY TRADITIONAL OIL PRODUCTION REGIONS, RETAKING A ND GROWING THE PRODUCTION IN OIL FIELDS. WITH HIGH DEGREE OF E XPLOITATION APPLIED NANOTECHNOLOGY, POLYMERS, 4D PERMANENT SEIS MIC SURVEY, WATER ALTERNATE CO2 GAS, SUBSEA SEPARATION AND MANY OTHERS ARE ALREADY FAMILIAR TO OUR RESERVOIR AND PRODUCTION GE OLOGISTS AND ENGINEERS.

THE FACT IS THAT WE ARE ALREADY HERE FOR NEARLY 150 YEARS AND WILL STAY IN THIS WORLD MUCH, MUCH LONGER.

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BUT IN WHAT WORLD WE WILL HAVE TO CONTINUE TO WORK?

WILL THE SOCIAL, POLITICAL AND ECONOMIC CONDITIONS BE THE SAME OR SIMILAR TO THOSE IN WHICH WE HAVE BEEN OPERATING SI NCE THE SECOND HALF OF THE NINETEENTH, AND ALONG ALL TWEENTIETH CE NTURIES?

THE RAPID GROWTH OF THE WORLD POPULATION STARTED IN 1950. IN 50 YEARS THE WORLD POPULATION REACHES TWO AND HALF TIM ES MORE. A GREAT INCREASE IS OBSERVED SINCE THE SEVENTIES OF THE LAST CENTURY. WE ARE ALREADY FRIGHTENING SEVEN BILL IONS. AND WE WILL BE POSSIBLY 10 BILLIONS IN 2050. ONLY THESE NUMBERS EXIBIT THE BIG AND DEEP CHANGE THE WORLD WILL FACE, I HAVE TO SAY, IS CONCRETELY FACING ALREADY.

ALL INSTITUTIONS IN THIS WORLD – GOVERNMENTS, AND P RIVATE AND STATE CORPORATIONS – HAVE TO BE PREPARED TO FACE TH IS CHALLENGE AND TO SURVIVE AFTERWARDS.

WE WILL HAVE TO BE ABLE TO STABLISH NEW SOCIAL, EC ONOMIC AND POLITICAL RELATIONSHIPS WITH PEOPLE.

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I CALL FOR REFLECTION ON WHAT HAS CHANGED IN THE WO RLD DURING THESE LAST ONE HUNDRED AND FIFTY YEARS.

CERTAINLY, THE APPEARANCE OF PETROLEUM AS AN ABUNDA NT FUEL AND PRIMARY SOURCE OF PETROCHEMICAL RAW MATERIALS, WITH PRODUCTS ACCESSIBLE TO COMMON PEOPLE ALSO CAUSED VERY DEEP I MPACT ON PEOPLE’S LIVES AND A VERY IMPORTANT SOCIAL, ECONOMI C AND POLITICAL CHANGE IN THE WORLD. FOR THIS REASON, THE TWEN TIETH CENTURY IS CALLED THE PETROLEUM CENTURY.

NEVERTHELESS THERE IS NO COMPARISON BETWEEN THESE O LD FACTS WITH WHAT WE ARE EXPERIENCING TODAY.

THERE IS ANOTHER TECHNOLOGICAL REVOLUTION UNDERWAY.

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THERE IS NO DOUBT THAT THE MOST RECENT, EXTRATORDIN ARY TRANSFORMATION THAT HAS REACHED ALL INHABITANTS OF THE PLANET IS THE DEEP AND EXTENSIVE TECHNOLOGY OF COMMUNICATION.

ALL CHANGED, MY FRIENDS, ALL CHANGED.

THE WORLD, AGAIN, IS NOT THE SAME.

THE PRIMARY BIG DIFFERENCE CONCERNING THE NINETEENT H TO TWENTIETH CENTURY IS NOT ONLY DUE TO THE FACT THAT AT THAT TIME WE WERE ONLY ONE AND HALF BILLION. AND TODAY WE ARE SEVEN BILLION.

NO, ABSOLUTELY NOT.

AT 1900 THE ONE AND HALF BILLION PEOPLE OF THE WORL D WERE ISOLATED IN THEIR CONTINENTS, REGIONS, COUNTRIES, CITIES, VI LLAGES, HOMES.

BUT ALSO BY THE FACT THAT TODAY WE ARE UNITED BY IN TERNET.

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FROM THE COMMERCIAL PRODUCTION OF BOOKS, IN EUROPE OF THE FIFTEENTH CENTURY, PEOPLE AWAY FROM EACH OTHER BEGA N TO EXCHANGE IDEAS AND OPINIONS ON ALL SUBJECTS. BUT IT TOOK A LONG TIME, MONTHS, MAYBE YEARS FOR THIS TO MATERIALIZE, AND THE BOOK TODAY IS STILL NOT ACCESSIBLE TO ALL, AS WE KNOW. THEN CAME THE TELEGRAPH, WITH THEIR MESSAGES AT THE SPEED OF LIGH T BUT ALSO REQUIRED EXPENSIVE EQUIPMENT AND MEDIA AND DEPENDEN DED UPON THE MAILMAN. THE TELEPHONE PRODUCED ALSO A HUGE AD VANCE BUT STILL BASED ON COMPLICATED AND EXPENSIVE PHYSICAL INFRAST RUCTURE

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THE TECHNOLOGICAL REVOLUTION OF COMMUNICATION HAS T URNED THE TABLE UPSIDE-DOWN.

THE EXPLOSIVE AND EXPONENTIAL GROWTH OF THE COMMUNI CATION INFRASTRUCTURE WILL ALLOW IN THE VERY NEAR FUTURE A LL THE PEOPLE OF THIS PLANET, REGARDLESS OF CULTURE, RELIGION, ID EOLOGY, ECONOMIC STATUS TO BE COMMUNICATING.

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PEOPLE TODAY COMMUNICATE INSTANTANIOUSLY FROM THEI R HOMES, THEIR WORKPLACES, IN THEIR LEISURE TIME, PRATICALLY AT ALL CIRCUMSTANCES OF THEIR LIVES. THERE IS NO MORE NECESSITY OF INFRASTRUCTURE, POSTMAN, WIRES, NOTHING BESIDES THE SO CALLED PDD’S – PRIMARY DIGITAL DEVICES.

THE EQUIPMENT FOR THIS, WITH THE NEW INFORMATION TE CHNOLOGIES, ARE MASS PRODUCED, SMALL, LIGHT, EASY TO CARRY, CHE AP, WHICH MAKES GENERALIZED THEIR USE AND ALMOST UNIVERSAL IN VERY SHORT TIME.

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THE IMPACT ON THE ABILITY OF COMMUNICATION AMONG PE OPLE CAUSED BY THIS COMPLETELY NEW TECHNOLOGICAL REALITY IS SUC H THAT EMMANUEL KANT’S MESSAGE THAT IN ORDER TO EXIST IS NOT ONLY IMPORTANT TO THINK BUT ALSO TO PUT OUR IDEAS AND TH OUGHTS IN DISCUSSION, IS UNIVERSALLY MATERIALIZED IN THE CURR ENT DAYS.

IRREVERSIBLE PROCESS OF BUILDING A NEW GLOBAL ORDER IS ALREADY ON COURSE. THAT IS TO PERMEATE ALL ASPECTS OF THE LIVES OF ALL PEOPLE, NATIONS AND CORPORATIONS OF THE WORLD.

CITIZENS OF THE WORLD REALIZE THEY CAN INSTANTLY CO MMUNICATE. IN A FEW HOURS CAN BRING HUNDRES OF THOUSANDS PEOPLE TOGETHER, IN SQUARES AND STREETS OF THEIR CITIES, WHEREVER THEY ARE, IN EVERY LATITUDE AND LONGITUDE, ALL MOTIVATED BY ONE IDEA, THE UNIVERSAL AND COMMON RIGHTS, PRINCIPLES AND VALUES.

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IT WAS BORN A NEW GENERATION - CHILDREN AND YOUNG P EOPLE – AND ALSO WITH OLDER GENERATIONS FULLY COMPLIANT, CONNEC TED THROUGH THE INTERNET BY USING PDD'S.

EVEN CHILDREN WHO BARELY LEARNED TO READ AND WRITE TO BE IN CONTACT.

LET ME INSIST ON THIS: ALL PEOPLE OF THIS WORLD WI LL BE COMMUNICATING.

THIS GENERATION IS CALLED C-GENERATION – “C” MEANIN G CONNECTED, COMMUNICATING, COMPUTERIZED, COMMUNITY- ORIENTED, A LWAYS CLICKING.

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IN 2020, 80% OF THE WORLD POPULATION, SIX BILLION PEOPLE, WILL USE MOBILE PHONES AND WILL BE CONNECTED AND MOBILIZED BY THE SO-CALLED SOCIAL NETWORKS.

TO BE CONNECTED AROUND THE CLOCK WILL BE THE STANDA RD. INDEED THIS STATUS WILL BE A PRE-REQUISITE FOR PARTICIPATI ON IN SOCIETY.

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THE C-GENERATION WILL HELP TO CREATE A VIRTUOUS CIR CLE FOR THE MOBILIZATION OF PEOPLE IN SEARCH OF A MORE SOCIALLY , POLITICALLY AND ECONOMICALLY FAIR WORLD. THE C-GENERATION WILL QUICKLY PREVAIL AMONG THE CITIZENS OF THE PLANET.

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IT IS ALREADY BORN IN THIS WAY, A NEW, CREATIVE AND DEMANDING GLOBAL CITIZENSHIP, SUPPORTED BY A NEW ETHIC THAT W ILL IMPOSE TO THE GLOBAL SOCIETY THE MOST VALUABLE AND SUBSTANTIV E PRINCIPLES OF THE HUMAN BEING, STARTING WITH THE COMPONENTS OF THE HUMAN RIGHTS DECLARATION, PROCLAIMED BY UNITED NATION GEN ERAL ASSEMBLY ON DECEMBER 10, 1948:

- FREEDOM;

- RIGHTS OF CHILDREN, MEN, WOMEN AND ELDERS;

- JUSTICE FOR ALL;

- FOOD;

- EDUCATION AND

WORK ARE THE FUNDAMENTAL VALUES OF THE HUMANITY. THEY MUST BE FULFILLED WHEREVER PEOPLE LIVE.

THE BIG CHANGE NOW IS THAT HUMAN RIGHTS ARE COUPLED TO THE RIGHTS OF THE PLANET. THE NEW GLOBAL ETHIC REQ UIRES NOT ONLY THE NEED BUT THE OBLIGATION TO PROTECT THE COMPLEX TERRESTRIAL ECO-SYSTEM, ESSENTIAL FOR THE PRESERVATION OF LIFE ON THE EARTH.

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GLOBAL CITIZENSHIP THIS IS THE KEY POINT I HAVE TO EMPHASIZE

GLOBAL CITIZENSHIP IS ALREADY EXHIBITING, IN A CLEA R AND UNQUESTIONABLE WAY, THAT IT IS NOT SATISFIED WITH W HAT THE INHABITANTS OF THIS PLANET ARE SUBMITTED. ALL AROUND THE WORLD, BOTH IN ECONOMICALLY POOR AND RICH COUNTRIES.

THE LEGITIMATE ASPIRATIONS OF THE GLOBAL CITIZENS A RE ECO-ETHICALLY SUPPORTED AND BE INCREASINGLY REQUIRED TH ROUGH INTERNET NETWORKS.

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THE SOCIAL, POLITICAL AND ECONOMIC DEBATE, INVOLVIN G MILLIONS OF PEOPLE, IS ALREADY ON THE STREETS AND SQUARES OF OUR CITIES. IT WAS FINALLY MATERIALIZED THE GLOBAL VILLAGE OF MARS HALL MCLUHAN IN THE SIXTIES OF THE LAST CENTURY, FIFTY Y EARS AGO.

THE INSTANTANEOUS MOVEMENT OF INFORMATION FROM EVER Y QUARTER TO EVERY POINT AT THE SAME TIME IS BRINGING ALL SOC IAL AND POLITICAL FUNCTIONS TOGETHER, IN A SUDDEN EXPLOSION , CAUSING HUMAN AWARENESS OF RESPONSIBILITY TO A VERY INTENSE DEGREE.

WE ARE SEEING THE INTERNET EXTENSION OF THE GLOBAL CONSCIOUSNESS, AS MCLUHAN SAID.

THE “HELLENIC AGORA” OF THE FOURTH CENTURY "BC", IS AN UNQUESTIONABLE REALITY.

WE ARE LIVING IT NOW, AT THIS UNIQUE MOMENT IN THE HISTORY OF THE HUMANITY

THE TRADITIONAL FORM OF REPRESENTATION EVOLVES RAPI DLY TO AGGREGATE DIRECT PARTICIPATION IN DECISIONS OF THE GOVERNMENTS

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AND PRIVATE OR STATE CORPORATIONS WHICH WILL AFFECT THEIR LIVES. . E-DEMOCRACY ARISES.

THE MANIFESTATIONS OF GLOBAL CITIZENS ARE ORGANIZED BY ELECTRONIC MEANS, WITHOUT THE GUIDANCE OF GOVERNMEN TS, POLITICAL PARTIES, TRADE UNIONS AND STUDENT ORGANIZ ATIONS AND,

VERY IMPORTANT,

WITHOUT IDENTIFIED LEADERSHIP HIERARCHY.

IT'S LIKE THE TRADITIONAL MODEL OF THE REPRESENTATI VE DEMOCRACY CONSOLIDATED OVER THE 21TH CENTURY DOES NOT FULFILL PEOPLE’S NECESSITIES.

WE ARE FACING NEW TIMES AND NEW DEMANDS FROM A NEW GLOBAL CITIZENSHIP.

RECENT RESEARCH IN MY COUNTRY, AMONG INTERNET USERS , SHOWED THAT OVER 70% FEEL THAT IT IS POSSIBLE TO MAKE POLI TICS WITHOUT INTERMEDIARIES, ONLY THROUGH SOCIAL NETWORKS. THIS TREND IS NOT UNIQUE TO BRAZIL. AS NOTED BY OUR ASTONISHED E YES, OVER THESE LAST TWO YEARS, WHEN DEMONSTRATIONS CALLED ELECTRON ICALLY OVERTHREW IN A VERY SHORT TIME, SITUATIONS THAT PER SISTED FOR DECADES

EVEN TODAY WE ARE ASSISTING OVER THE WORLD LARGE DEMONSTRATIONS OF GLOBAL CITIZENS PROTESTING AND PA RALYZING CITIES ACROSS THE WORLD. IN THE DFENSE OF THEIR RIG HTS.

LET´S TO SEE HOW IS THE WORLD THAT WE HELPPED TO BU ILD, IN OUR STATE OR PRIVATE COMPANIES, WITH OUR HARD WORK,?

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THESE SLIDES THAT WE ARE WATCHING SHOW TO US A REAL ITY WHICH IS NOT ACCEPTABLE BY ANY CIVILIZED PERSON.

WHAT WE WILL SEE HERE IS NOT MATTER OF ECONOMICS, P OLITICS OR ANYTING ELSE, BUT FIRST OF ALL PURELY ETHICAL.

HUNGER AND POVERTY HAVE SPREAD ACROSS THIS PLANET. TENS OF MILLIONS OF PEOPLE ABSOLUTELY LIKE US, OUR CHILDREN AND GRANDCHILDREN, ARE DOOMED TO LIVE WITHOUT DIGNITY A ND TO DIE PREMATURELY.

IT IS UNACCEPTABLE THE EXISTENCE OF REGIONS, COUNTR IES WITH SUCH PERCENTAGES OF UNDERNOURISHED PEOPLE IN A SO TECHNOLOGICAL ADVANCED WORLD LIKE WE ARE IN PRESENT DAYS.

THIS IS A SHAME TO ALL OF US.

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MALNUTRITION IMPOSES A LIFE WITHOUT HEALTH TO WHOLE POPULATIONS - MORE THAN 800 MILLION PEOPLE CONCENTRATED IN POOR COUNTRIES.

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A SMALL DECLINE IS OBSERVED, BUT THE PRESENT SITUAT ION IS WORSE THAN TWENTY YEARS AGO.

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EVEN EMPLOYED PEOPLE HAVE INSUFFICIENT WAGES TO MEE T THEIR BASIC NEEDS FOR A MINIMALLY DECENT LIFE. MORE THAN F IFTY PERCENT OF THE POPULATION, IN 24 COUNTRIES ARE LIVING WITH LES S THAN ONE DOLLAR AND 25 CENTS A DAY.

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ABOUT 435 MILLION PERSONS ALL OVER THE WORLD.

IT IS A TRAGIC REALITY THAT IS HAPPENING OUT THERE NOW,

RIGHT NOW, LADIES AND GENTLEMN,

CERTAINLY NOT VERY DISTANT FROM THIS BEAUTIFUL, COM FORTABLE AND SUPER-MODERN CONFERENCE ROOM.

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THE INTERNET NETWORKS ALREADY FULFILL THE CONDITION S FOR GLOBAL CITIZENSHIP TO MOBILIZE AND FIGHT FOR ITS PRINCIPLE S AND VALUES MOST OF THEM HAVE ALREADY BEEN DEFINED IN THE MILLE NNIUM DEVELOPMENT GOALS ESTABLISHED BY THE UNITED NATIONS IN 2000.

THEY ARE:

1 – ERADICATE EXTREME POVERTY AND HUNGER;

2 – ACHIEVE UNIVERSAL PRIMARY EDUCATION;

3 – PROMOTE GENDER EQUALITY AND EMPOWER WOMEN;

4 – REDUCE CHILD MORTALITY;

5 – IMPROVE MATERNAL HEALTH;

6 – COMBAT HIV / AIDS, MALARIA AND OTHER DISEASES;

7 – ENSURE ENVIRONMENTAL SUSTAINABILITY, AND

8 – GLOBAL PARTNERSHIP FOR DEVELOPMENT.

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HOW DOES OUR INDUSTRY ARISE IN THIS CONTEXT ?

WE PRODUCE THE ENERGY THAT ALL PEOPLE NEED. PO WER AND ENERGY CONSUMPTION IS A MEASURING PARAMETER OF QUALITY OF LIFE. ONLY THE UNDERSTANDING OF THIS REALITY SHOULD BE ENOUGH FOR PEOPLE TO BE PROUD OF OUR ACTIVITIES, OUR WORK AND FULLY SUPP ORT US.

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BUT THIS IS NOT HAPPENING,

ON THE CONTRARY, THE PETROLEUM INDUSTRY AS A WHOLE HAS BEEN THE TARGET OF SEVERE CRITICISM OF GLOBAL CITIZENSHIP.

WHAT IS THE REASON FOR THIS BEHAVIOR ?

JUST TO SUPPLY ENERGY TO BILLIONS OF PEOPLE WORLDWI DE, AT LEAST TO A MINIMUM FOR A DECENT LIFE LIKE WE PROUDLY DO– IT IS NO LONGER ENOUGH.

TO OUR COMPANIES, STATE OR PRIVATE, IT MUST NOT ONL Y CONTRIBUTE BUT ALSO CONCRETELY AND EFFECTIVELY TO PARTICIPATE TO CHANGE THE CURRENT SOCIAL, POLITICAL AND ECONOMIC LIVING OF BI LLIONS OF PEOPLE AROUND THE WORLD.

I REMEMBER THAT ABOUT 10% OF ALL OIL PRODUCED WORLD WIDE COME FROM AREAS INHABITED BY ENTIRE POPULATIONS LIVING I N POVERTY AND WITHOUT DEMOCRACY. THIS MEANS THAT THE NATURAL RESOURCES OF THESE REGIONS ARE PRODUCING WEALTH FOR OTHERS AND A T THE EXPENSES OF THE PEOPLE WHO LIVE THERE.

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WE ARE A BRANCH OF BUSINESS, GOVERNMENT OR PRIVATE, WHICH IS AT THE CENTER OF ALL THIS TROUBLE BECAUSE WE HAVE ACTI VITIES IN ALL GEOGRAPHICAL AND GEOLOGICAL WORLD, ON LAND AND AT S EA, IN DESERTS, MOUNTAINS, TROPICAL FORESTS, POLAR CIRCLES , IN CITIES AND TOWNS AND VILLAGES.

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IN RELATION TO THE VARIOUS INDUSTRIAL SECTORS WE AR E AMONG THOSE THAT PROFIT MOST

AND WE ARE BY FAR THE BIGGEST INVESTORS. WE CREATE JOBS, TECHNOLOGY, UNLIKE OTHER ACTIVITIES THAT PRODUCE NO THING AND MUCH PROFIT.

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I SEE NO OTHER ALTERNATIVE FOR OUR INDUSTRY RATHER THAN TO SUPPORT THE GLOBAL COMPACT'S GOALS TO BE EFFECTIVEL Y MET, USING HEAVILY ON ALL OUR PRESTIGE, POLITICAL AND ECONOMIC AL INFLUENCE

NOT ONLY IN ALL COUNTRIES WHERE WE WORK BUT ALSO IN THE REST OF THE PLANET.

THERE IS NO ESCAPING FROM THIS REALITY AND THIS IS ALREADY ON THE AGENDA OF GLOBAL CITIZENSHIP.

THE UNITED NATIONS GLOBAL COMPACT IS A STRATEGIC PO LICY INITIATIVE FOR BUSINESSES THAT ARE COMMITED TO ALIGNING THEIR OPERATIONS AND STRATEGIES WITH THE TEN UNIVERSALLY ACCEPETED P RINCIPLES IN THE AREAS OF HUMAN RIGHTS, LABOR, ENVIRONMENT, AND ANTI-CORRUPTION.

WE MUST ACT, LADIES AND GENTLEMEN.

URGENTLY

EVERYONE KNOWS THAT. GLOBAL CITIZENSHIP KNOW S THAT. THE C-GENERATION IS BEGINNING TO REALIZE THAT IN PRACTICE AND WILL

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DEEPEN THE CRITICISM AND THE DEMANDS OF ACCURATE IN FORMATION ABOUT OUR CORPORATIONS, AGAIN, STATE OR PRIVATE, TO SHARE THE CHANGE THAT IS ALREADY UNDERWAY AND THAT IS INESCAP ABLE.

WE MUST TAKE INTO ACCOUNT THAT THE C-GENERATION IS ALREADY TOGETHER WITH US, WORKING IN OUR COMPANIES.

INDIVIDUAL LIBERTY IS ONE OF THEIR CORE VALUES AND THIS WILL INEVITABLY PASS THROUGH THE WALLS OF OUR CORPORATIO NS AND DIRECTLY IMPACT OUR TRADITIONAL HIERARCHICAL STRUCT URES.

OUR NEW COLLEAGUES WILL BE MORE COMPETENT TO MOBILI ZE AND DEMAND TRANSPARENCY AND CLARITY IN OUR MODELS OF MA NAGEMENT AND IN THE PROCESSES OF TAKING DECISIONS HIERARCHIC ALLY.

LADIES AND GENTLEMEN WHO ARE GIVING THE HONOR OF YO UR PATIENCE IN LISTENING TO ME.

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THERE IS NO ALTERNATIVE BUT TO CONQUER THE GLOBAL C ITIZEN AND C-GENERATION TO OUR SIDE AND BUILD THE FASTEST POSSIB LE AN ALLIANCE WITH ALL THE PEOPLE OF THE WORLD.

WE HAVE TO SUPPORT THEIR FIGHT FOR PRINCIPLES AND V ALUES THAT ARE UNQUESTIONABLY SOCIALLY JUST, ECOLOGICALLY AND ETHI CALLY SUSTAINABLE.

THE CHALLENGE OF CONQUERING AND BRINGING THEM TO OUR SIDE BECAME UPPERMOST TO OUR CORPORATIONS, TO ALL THE PE TROLEUM INDUSTRY

THE FUTURE OF OUR SUSTAINABILITY DEPEND ON THAT AND IT IS ALREADY ON THE THRESHOLD OF OUR HOUSE.

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SHUKRAN , THANK YOU VERY MUCH.