Mr Fraga has over 40 years of experience in the oil and gas sector, including 23 years as an executive at Petrobras. During his career at Petrobras, Mr Fraga led the team involved in the development of various technologies applied in pre-salt fields and played a role in the development of pre-salt discoveries, being responsible for the implementation of several projects, from conceptual design to first oil. Mr Fraga is a former CEO of Prumo Logistic and of the Porto do Acu, a former Chief Technology Officer at Gran Energia, as well as a former Board member of Gran Bio, GranIHC, Ultrapar, MRO Logistics, Ferroport, Brazilian Institute of Petroleum, Gas Natural do Acu and Porto do Acu (being the Chairman in the last three). Mr Fraga has also served as a board member of several technology institutions in Brazil, where he made contributions to technological development at universities and research institutes. He is a Member of the Sustainability and Operational Risk Committee.