Jose C Barbosa

Mr Coutinho spent 38 years with Petrobras, beginning his career in several technical and management positions, culminating with his appointment as Acting President and CEO of Petrobras, one of the world's largest petroleum exploration and production companies. Earlier in his career, as an explorer, Jose Coutinho worked in most sedimentary basins in Brazil, onshore and offshore, as well as in basins in the Middle East, Africa and the Gulf of Mexico, having incorporated Petrobras America Inc., in the USA, and directing the company as CEO for four years. After that, he returned to Brazil to assume the position of Executive Vice-President and CEO of Petrobras Internacional SA (also known as Braspetro). During the period from 1999 to 2002, Jose Coutinho worked as Managing Director for Exploration and Production of Petrobras, leading up the production ramp from 700,000 bopd to 1,500,000 bopd. In that period, the giant oil fields of Roncador, Albacora, Marlin and Marlim South in the Campos Basin were developed. After that, Jose Coutinho retired and has managed, since then, his own independent consulting firm, Net Pay Oleo & Gas Consultoria Ltda, operating in areas of the petroleum industry. Jose Coutinho brings knowledge and experience to the Company, including experience with geology, exploration and production as well as local knowledge of the oil and gas industry in Brazil and internationally. Jose Coutinho is also the Temasek Representative Director on the Board of Directors of Odebrecht Oleo e Gas (unlisted). He is member of Sustainability and Operational Risk Committee.