Presentation of Fourth Quarter & Full Year 2011 Results March 15, 2012
Strategic Highlights: 4Q and 2011 Two farm-in Ongoing drilling Competitive Return to agreements for activities at advantage as full production Blocks BM-S-8 Blocks BM-S-12 Type A capacity at and BS-4, and BM-S-8, with Operator…
Return to Full Capacity at Manati Field Daily Gas Production (MM m3 per day) Average 2010: 6.2 MM m3 per day 6.6 6.7 Average 2011: 4.1 MM m3 per day 5.9 5.6 4.7 4.1 4.2 3.5 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Manati…
Drilling Update: Block BM-S-12 Santos 1 Results Location Water-bearing and thin reservoirs Santos 2 Results Predicted reservoirs were not encountered, although, the possibility of occurrence in the other directions of this…
QGEP: Operator in a Deep Water Block Block BS-4: Santos Basin Privileged Location Atlanta and Oliva fields Oil in Place: 2.1 billion bbl Exploratory potential in the pre-salt Partners: - QGEP (30%) - Operator - Petrobras (40%)…
Promising Area with Several Discoveries Nearby Block BM-S-8: Santos Basin Contingent and Prospective Resources Santos 01 Partners: - Petrobras (66%) - Operator; - Petrogal (14%) - QGEP (10%) - Barra Energia (10%) Santos 03…
Financial Results 7
4Q2011 Manati Field Production Net Revenue Gas production (R million) (Millions of m3) -25.4% -33.7% 1,017.5 387.5 -21.4% -30.2% 289.0 675.1 276.5 192.9 105.7 83.1 2010 2011 4Q10 4Q11 2010 2011 4Q10 4Q11 Revenues:…
Net Cash Position (R million) September 30, 2011 December 31, 2011 R 1,202.0 R 1,202.0 R 1,098.5 R 1,098.5 Cash Debt Net Cash* Cash Debt Net Cash* -R 103.6 -R 103.6 Safra Alfa 2% 2% BTG Pactual 2% BV Mercantil…
2012: Another Year of Progress Three 100% exploratory capacity at wells underway Manati Field with excellent prospects Farm-in Development opportunities of and future ANP Block BS-4 bidding rounds 12
For additional information: Investor Relations QGEP Participaes S.A. Av. Almirante Barroso, n 52, sala 1301, Centro Rio de Janeiro, RJ CEP: 20031-918 Phone - IR: 55 21 3509-5959 Fax: 55 21 3509-5958 E-mail: riqgep.com.br…