Maria das Graas Silva Foster CEO Surplus Volumes of Transfer of Rights Rio de Janeiro, June 27th of 2014 1
Transfer of Rights Through the Transfer of Rights agreement, Petrobras Contracted Volumes in acquired the rights to explore, evaluate and produce up to 5 2010 billion boe in six areas of Santos basin pre-salt. For this transaction,…
Transfer of Rights Areas Have Great Potential Already Known and Proven Additional Volumes to the Transfer of Rights Contract from 9.8 Areas to 15.2 billion boe, according to ANP (million boe) Bzios Between 6.500 and 10.000…
High Degree of Maturity Areas of the pre-salt Santos Basin Contracted Volume Tested wells or Drilled wells or in CO 2 content in Field / Area Area (km2 ) Transfer of Rights with tests in (bilion boe) progress progress gas (%)…
Surplus Volumes of The Transfer of Rights: 9.8 to 15.2 Billion of boe Great Potential with Low Risk Leading to Reduction of Investments in Exploration Acquisition of Transfer of Signature of Trasfer of Rights Rights Surplus Volumes 1st…
Transfer of Rights and Production Sharing Contracts (PSC): Regulatory Framework and Simultaneous Production - Bzios Case Transfer of Rights End of production of End of Transfer of Rights Signature: Sep/10 1st oil of Bzios: 2016…
Petrobras Big Choice for the E&P segment Strategic Plan Approved by the Board of Directors on 02/25/2014 To produce on average 4.0 million barrels of oil per day in the 2020-2030 period, under Petrobras E&P ownership in Brazil and…
Petrobras Contracted for a 100% of These Areas Ensures Our Reserves Reposition and Production Sustainability in the 2020-2030 Horizon, with Higher Profitability The Surplus Volumes of Transfer of Rights (SVTR) allow that the 2020-2030…
Surplus Volumes of Transfer of Rights: Increase of Investments From 2019 On for a 1 st Oil Beginning in 2021 Production Units Planned in the Business Plan and Petrobras Strategic Plan 1st Oil 2014-2020 9 Units Completed Maturity…
Petrobras Investments Will Be Even More Concentrated in E&P Lower Investments in the Other Segments Enable Additional Investments in E&P in Brazil Average annual investments will fall from US 45.6 billion between 2013 and 2020 to US 26.6…
Financial Planning with the Surplus Volumes 2014-2018 BMP: No material impact in results and debt ratios I 2014-2018 BMP ASSUMPTIONS: Oil Production: 7.5% Growth (+/- 1pp) in 2014, 3.2 million bpd in 2018, 4.2 million bpd in 2020 Price…
2014-2018 BMP Financiability (US 206.8 billion) + Surplus Volumes of the Transfer of Rights 2014-2018 BMP: No material impact in results and debt ratios. III IMPACTS IN THE FINANCIABILITY DURING THE PERIOD OF THE 2014-2018 BMP : In the…
Conclusions Price Convergence, Divestments and Financial Restructuring Assumptions for the BMP 2014-108 are kept I The direct contract for 100% of the Surplus Volume of the Transfer of Rights (SVTR) grant Petrobras: Areas with excelent…