1st QUARTER OVERVIEW Successful drilling, completion and testing of second well at Atlanta; productivity rates slightly higher than the first well results Independent reserve certification at Atlanta indicates 147 million bbl of 1P,…
MANATI FIELD PRODUCTION Gas Production Net Revenue (Millions of m) (R million) -2.8% 5.1% 1,010.6 982.3 486.1 462.3 -8.6% -3.5% 266.5 243.7 131.9 127.3 2012 2013 1Q13 1Q14 2012 2013 1Q13 1Q14 1Q14 production…
1Q14 FINANCIAL OVERVIEW Consolidated Financial Information (R million) 1Q14 1Q13 % Net income 25.1 65.7 -61.8% Amortization and depreciation 29.0 23.6 22.9% Net financial income (expenses) (20.1) (18.3) -9.6% Income tax and…
CAPEX 2014-2015 2014 capital expenditure: US155 million CAPEX to be spent on Blocks BS-4, BM-J-2, BM-CAL-12, BM-S-8 and Blocks won in Round 11 2015 capital expenditure: US115 million CAPEX to be spent on Blocks BS-4, BM-CAL-12,…
BS-4: IMPROVING VISIBILITY OF RESOURCES Successful drilling and completion of first and second horizontal well of the Early Production System (EPS) of Atlanta Field Drill Stem Test (DST) of the second well indicated that the wells…
UPDATE ON BM-S-8 ACTIVITIES ANP approved a three year extension of Evaluation Plan in April 2014 The Consortium will resume drilling at Carcar extension well in late 2014 using a rig equipped with MPD (Measured Pressure…
ACTIVITIES UPDATE Blocks Acquired in 11th ANP Bidding Round QGEP is in the process of contracting the 3D seismic data for the blocks awarded in the ANPs 11th Bidding Round in 2013: Foz do Amazonas Basin initiated Esprito Santo,…
MAJOR MILESTONES AHEAD 2018-2021 First oil expected from 2016-2017 Carcar 2016: Exploratory Drilling at First oil expected from 2015 Copaba and Guanabara the Oliva Field Profundo 2014 Conclusion of appraisal well and DST…
CONTACT US 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…
DISCLAIMER This document contains some statements and information about the Company that reflect the current views and/or expectations of the Company and its managers with regard to its activities. These include all statements…