OPERATIONAL AND FINANCIAL RESULTS 1st Quarter 2014 __ Conference Call / Webcast May 12th 2014
1Q14 Results 8% Increase in Operating Income relative to the 4Q13 Higher Operating Income due to the full effect during the 1Q14 of the oil products price adjustments and the lower share of imported diesel in sales, negatively impacted by…
1Q14 Results 8% increase in Operating Income. 14% reduction in Net Income relative to 4Q13 Higher Operating Income due to the full effect during the 1Q14 of the oil products price adjustments and the lower share of imported diesel in…
Petrobras Operator: Oil and NGL Production in Brazil Production Operated by Petrobras in the 1Q14 was 2.004 th. bpd 2013: 1,974 th bpd Th. bpd 1Q13 2Q13 3Q13 4Q13 1Q14 Average 1,946 Average 1,973 Average 1,967 Average 2,010 P-55…
Petrobras: Oil and NGL Production in Brazil Petrobras Production in the 1Q14 was 1,922 thousand bpd, in line with projections 2013: 1,931 th. bpd Th. bpd 1Q13 2Q13 3Q13 4Q13 1Q14 Average 1,910 Average 1,931 Average 1,924 Average 1,960…
Oil Production Record in the Pre-salt Monthly record of 395 th. bpd in March and daily record of 444 th. bpd in April 18th with 24 wells P-58 Pre-salt wells high productivity contribute to these projects lower lifting costs (LF) .…
Oil and NGL Production in Brazil 2014 Projection Production target of 7.5 ( 1 p.p.) maintaned 2013 Average: 1,931 th. bpd 2014 Average: 2,075 th. bpd 1% Th. bpd 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 2,600 Average 1.910 Average 1.931…
Oil Production Existing Systems Program to Increase Operational Efficiency (PROEF) 58 th. Bpd Gain in the 1Q14 UO-BC Total Expenditure of US 1,897 million by Feb/14. NPV of US 1,080 million by Feb/14 Focus on recovering wells and…
Oil and Natural Gas Production Costs in Brazil Higher productivity guaranteed the maintenance of lifting cost levels More operational activities with constant oil production; Stabilized unitary costs with a downward trend increase in…
Oil products output in Brazil 1Q14 production 1% above 4Q13. Sales dropped 2.2% in the period (seasonality) Oil products output Oil products sales Brazil (th. bpd) (th. bpd) 0% +2.5% +1% -2.2% 2,127 2,105 2,124 2,425 2,371 2,313…
Oil Products Output Record in Brazil: 12 Refineries Production of 2,151 th. bpd in March The significant increase in the level of operations is a result of the better performance achieved through the start-up of new quality and…
Refining Cost in Brazil Significant reduction due to the increase in productivity and throughput More operational activities with the growth of oil products; Declining unit costs increase in productivity and cost reduction 2011…
Natural Gas Supply and Demand Increase in the thermoelectric market demand in 1Q14 relative to 4Q13 (+28%) Higher LNG imports to supply the thermoelectric market. DEMAND SUPPLY +1% +1% million m/day +10% +9% 87.8 88.5 88.1 88.8…
Record Delivery of Natural Gas Monthly production of 95.5 million m/day in March and daily record of 101.1 million m/day on Mar/26 Bahia LNG Regasification Terminal Capacity: 14 million m/day Million m/day 100 96 95 90 85 85…
INTERNATIONAL: Oil/Gas Production and Refining Higher production in 1Q14 due to new wells in Cascade and Chinook (USA) Oil and Natural Gas Production Refining (Throughput) -13% -5% +8% -6% 242 Venezuela 6 209 173 175 165 52 194…
Structuring Programs and Net Income Impact Positive effect of R 2.9 Billion in 1Q14 PROCOP (R 1.6 Billion), PRODESIN (R 0.7 Billion) and PROEF (R 0.5 Billion) positively impacted Net Income in 52% (R 2.8 Billion). R -2.8 Billion…
Structuring Programs and Cash Impact Positive effect of R 3.1 Billion in 1Q14 Positive cash impact: structuring programs PRODESIN (R 0.9 Billion), INFRALOG (R 0.4 Billion), PRC-Poo (R 0.2 Billion) and PROCOP (R 1.6 Billion) enabled a 4%…
Financial Ratios 1Q14 issuances increased our cash position to R 78.5 billion R Billion 12/31/13 03/31/14 Market Access Short-term Debt 18.8 21.8 In 1Q14 there were two bonds issuances: Long-term Debt 249.0 286.3 - January/14 Total…
Voluntary Separation Incentive Plan - PIDV 2014 Commitment towards the increase of efficiency, productivity and capital discipline Number of employees enrolled: 8,298 12% of the companys total workforce* and 15% of the expected labor…
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