Petrobras Highlights Agenda 3rd Largest Oil Producer, and 5th Largest Oil&Gas Producer OIL PRODUCTION (kbd, Thousands) OIL AND GAS PRODUCTION (million barrels per day)
Petrobras Highlights Agenda 4th best relation Reserve/Production, and 5th best Reserve Reposition Index 25 20 Reserve/Production 20 17 15 15 14 15 13 13 12 10 9 10 Years 5 0 800% 721% Reserve Reposition Index…
Petrobras Highlights Agenda The Largest Industry CAPEX
Petrobras Investments 2014-2018 Agenda BMP BMP 2014-2018 US 220.6 billion E&P - US 153.9 bilhes 18,0 23,4 38.7 (12%) (15%) Exploration (18%) Production Development 10.1 Infrastructure and (5%) 112,5 Support 9.7 (4%) 2,3…
Brazilian Pre-Salt Agenda
Brazilian Pre-Salt Province
Brazilian Pre-Salt Province Agenda ES CONCESSION (SANTOS BASIN) CONCESSION (CAMPOS BASIN) (100%) Vitria BMS-8 (Carcar) (66%) (10%) (10%) (14%) MG BMS-9 (Sapinho / Lapa) (45%) (30%) (25%) PRODUCTION BALEIA FRANCA BMS-10 (Parati)…
Pre-SaltAgenda - Size ES 650 US GoM Blocks MG RJ Rio de Janeiro So Paulo SP SP PR Campos Basin Curitiba 7,000 km2 (1.7 million acres) Santos Basin Pre-Salt 15,000 km2 (3.7 million acres) SC 100 km…
Main Results: Excellent exploratory success Agenda 46 discoveries in 14 months Petrobras (jan/13 to feb/14): 24 offshore discoveries as operator 14 in the Pre-Salt 100% Exploratory Success in 2013 in the Pre-salt
Main results: technology is no longer an Agenda issue High resolution seismic Suitable geological and flow model New materials New subsea systems CO2 separation and reinjection
Main Results: Wells LearningAgenda Curve Pre-Salt TOTAL 171 wells (until Feb/14) Province 55% 134 days 60 days Reduction of drilling time From 134 to 60 days (2006/2013) 109 days: drilling + completion record (2013)
Main Results: 400+ kbpd production Agenda Pre-Salt achieved Daily Production Average Production Record: 444 kbpd 420 395 400 kbpd in 8 years 390 in April 18th 2014 360 330 301 Pre-Salt 8 300 Santos Basin (kbpd) 214 270 240…
After 8 years Agenda... Lifting Cost 2013 (US/boe) High Productivity Wells (kbpd at peak) SPS-77 (Sapinho Pilot) 36 Feb/14 14,8 9,0 LL-02 (Lula Pilot) 36 Jun/12 Lula* Petrobras E&P BAZ-04 (Baleia Azul) 34 Feb/13 *Lula NE…
Agenda Main Results: 11 FPSOs and 23 production wells on stream FPSO Cid. Anchieta FPSO Capixaba 2 production wells 5 production wells FPSO Cid. Angra dos Reis 4 production wells P-58 FPSO Cid. Niteri 1 production well 1…
Agenda EWTs EWTs Period Block Lula Apr/09 - Dec/10 BM-S-11 FPSO Cidade de So Vicente Lula NE Apr/11 - Nov/11 BM-S-11 Iracema S Feb/12 - Oct/12 BM-S-11 Sapinho N Jan/13 - May/13 BM-S-9 Lula Sul Nov/13 Apr/14 BM-S-11 FPSO Dynamic…
Pilot Projects Agenda Lula Pilot First Oil: Oct/2010 FPSO Cidade de Angra dos Reis Discovery + 4 years
Pilot Projects Agenda Sapinho Pilot First Oil: Jan/2013 FPSO Cidade de So Paulo Discovery + 5 years
Pilot Projects Agenda Lula NE Pilot 1st Oil: Jun/2013 FPSO Cidade de Paraty Discovery + 7 years
Meanwhile in Campos Agenda Basin... Baleia Azul First Oil: Set/12 First FPSO fully dedicated to Pre-Salt in Campos Basin FPSO Cidade de Anchieta Discovery + 4 years
One more Agenda Norte Parque das Baleias On stream since March 17th 180 kbpd oil 8 MM m3 gas P-58 15P + 9I wells
On going Agenda... Buoyancy Supported Risers 1 Sapinho Pilot 2 wells producing 1st well (SPS-77) producing since February 18th 2nd well (SPH-04) producing since April 3rd 2 more wells to be connected in 2014 BSR1 on location…
On going Agenda... Buoyancy Supported Risers 2 Lula NE Pilot Already installed 70% reduction of installation period (165 to 50 days) 1st well (LL-22) 1st oil May 2014 3 more wells to be connected in 2014 Ballasting of BSR2…
On going Agenda... Buoyancy Supported Risers 3 Sapinho Pilot Already installed End of the first SCRs installation expected by Q2 FPSO Cid. So Paulo, PLSV 7Seas and BSR 3 (Feb/2014)
On going Agenda... Buoyancy Supported Risers 4 Lula NE Pilot End of installation expected by Q2
On going Agenda... FPSO Cidade de Ilhabela Sail away by Jul/2014 Arriving at Brasa Yard Dec/2013 150 kbpd oil 6 MM m/d gas 8p + 7i wells Sapinho Norte (Santos Basin) 1st oil: Q3, 2014 Apr/2014
On going Agenda... Apr/2014 FPSO Cidade de Mangaratiba Sail away by Aug/2014 150 kppd oil 8 MM m/d gas 8p + 7i wells Iracema Sul (Santos Basin) 1st oil: Q4, 2014 Brasfels Yard Aug/2013
More to come Agenda Iracema Norte (Santos Basin) 1st oil: Q4, 2015 150 kbpd oil 8 MM m/d gas 8p + 9i wells FPSO Cidade de Itagua
More to come Agenda Lula Alto (Santos Basin) 1st oil: 2016 150 kbpd oil 6 MM m/d gas 10p + 8i wells FPSO Cidade de Maric
More to come Agenda Lula Central (Santos Basin) 1st oil: 2016 150 kbpd oil 6 MM m/d gas FPSO Cidade de Saquarema 10p + 9i wells
More to come Agenda 8 New build FPSOs (Replicants) First: Lula Sul P-66 1st oil: 2016
More to come Agenda 4 Converted FPSOs First: Bzios 1 P-74 1st oil: 2016
The WayAgenda Ahead Oil Production (BMP 2014-2018) Florim NE de Tupi Petrobras Share and Pre-Salt Contribution Libra Lula Ext. Iara NW Jpiter Sul e CO de Sul Pq. Baleias Lula Alto Bzios V Sul de Lula Carcar 4.2 Lula Central…
MarketAgenda Insight Citi Research Global Oil Vision 1st quartile PBR IRR Break-even Brent Oil price (US/boe) Competitive break-even and high return
Team Agenda Work For more information: Investor relations www.petrobras.com.br/ri +55 21 3224-1510 petroinvestpetrobras.com.br
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