CURRENT STATUS AND STRATEGIESFOR DEEP SEA OIL AND NATURAL GASPRODUCTION IN BRAZIL—OSVALDO KAWAKAMI

General Manager for Santos Basin Crude Oil Production

Seminar on Offshore Oil & Gas Development
Tokyo, JapanCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—“Disclaimer„
The presentation may contain forecasts about future events. Such forecasts merelyreflect the expectations of the Company's management. Such terms as "anticipate","believe", "expect", "forecast", "intend", "plan", "project", "seek", "should", along withsimilar or analogous expressions, are used to identify such forecasts. These
predictions evidently involve risks and uncertainties, whether foreseen or not by theCompany. Therefore, the future results of operations may differ from current
expectations, and readers must not base their expectations exclusively on theinformation presented herein. The Company is not obliged to update thepresentation/such forecasts in light of new information or future developments.
All projects forecasted herein are subject to approval by the appropriate
stakeholders.

CAUTIONARY STATEMENT FOR US INVESTORSThe United States Securities and Exchange Commission permits oil and gas
companies, in their filings with the SEC, to disclose only proved reserves that acompany has demonstrated by actual production or conclusive formation tests to beeconomically and legally producible under existing economic and operating
conditions. We use certain terms in this presentation, such as oil and gas
resources, that the SEC’s guidelines strictly prohibit us from including in filings
with the SEC.

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—GLOBAL PRESENCE—

We have increasing participation in the global energy sector.
Through our units, subsidiaries, and trade and financial representation
offices, we have operations in 24 countries.

The best resultin our history

AVERAGE TOTAL PRODUCTION IN DECEMBER 2014

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—BACKGROUND—CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—HOW PETROBRAS HAS EVOLVED
from Post-Salt to Pre-Salt

—

8 km

7 km

1st oil fieldfound inCampos Basin

OTC
Award
1992

1st FPSO
Production
System

OTC
Award
2001

1st comercial
discovery from
Pre-Salt

Well withthickest oilcolumn (563m)

Mount Everest
8,8 km

6 km

5 km

4 km

3 km

2 km

1 km

7
0 km

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT—

Large reservoirs of oil and natural gas



Located between 5,000 and 7,000 meters
below sea level and 300 km from the coastWater depths that can exceed
meters from the water line

Under a layer of salt that is more than 2
thousand meters deep, in some areasCharacteristics of the oil: light (API-30)
and CO2 content between 1 and 20%

Almost 80,000 passengers transported
in 2014 - more than 40
helicopters contracted

2000

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—BRAZILIAN PRE-SALT PROVINCE—
CONCESSION (SANTOS BASIN)
BMS-8 (Carcará)

(66%)

(10%)

BMS-9 (Sapinhoá / Lapa)

(45%)

(30%)

BMS-11 (Lula-Iracema/ Iara)

(65%)

(25%)

BMS-21 (Caramba)

(80%)

(20%)

BMS-24 (Júpiter)

(80%)

(20%)

BMS-50 (Sagitário)

(60%)

(20%)

(10%)
(25%)
(10%)

CONCESSION(CAMPOSBASIN)NORTE PARQUE DAS BALEIAS(100%)(14%)
TRANSFER
OF RIGHTS(100%)

(20%)

ITAPU
SAGITÁRIOSÉPIACARCARÁLAPA
SAPINHOÁ
SUL DE SAPINHOÁCARAMBA
Concession
Transfer of Rights
Production Sharing
Surplus Volumes of Transfer of Rights

BALEIA FRANCAPRODUCTIONSHARINGBALEIA AZULTRACAJÁ

(40%)
(20%)
(20%)
(10%)
(10%)

MARLIM LESTE
CARIMBÉLIBRA
BUZIOS
ENTORNO DE IARA
IARAJÚPITERLULA / IRACEMASUL DE LULA

Santos Basin Pre-Salt
ClusterCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT PROVINCE - SIZE—
3,4 x
State of Rio de JaneiroCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT PROVINCE - SIZE—650
US GoM Blocks

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT1998 1999 2000 2001 2002

2003 2004

TIMELINE—

2000-2001: BIDs 2 and 3:
Blocks acquisition of
Santos Basin Pre-Salt
2001-2004:
Seismic acquisition
and interpretation

6km

3D SeismicPre-salt reservoir

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

2005 2006 2007 2008 2009 2010

2011

PRE-SALTTIMELINE—

2005-2006: 1st wildcat well Santos Basin– Parati
EWT Lula
FPSO BW Cidade de São Vicente

2008: Campos Basin 1st oil (Jubarte EWT)
2009: Santos Basin 1st oil - Lula EWTMain Discoveries

P-34 - Jubarte

2006: Lula (Tupi)
2007: Caxaréu and Carioca
2008: Baleia Franca, Baleia Azul, Iara, Sapinhoá
and Júpiter2009: Iracema and Nautilus

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT2005 2006 2007 2008 20092010 2011

TIMELINE—

2010:
Transfer of Rights
Main Discoveries
2010: 1st oil of Lula Pilot
December
2010:
Declaration of
2010: Brava,
TracajáCommerciality
and Carimbé - Lula Field
December 2011: Declaration ofCommerciality Sapinhoá Field

Piloto de LulaFPSO Cidade de Angra dos ReisCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT2012 2013 2014 2015 2016 2017

TIMELINE—

Piloto de Sapinhoá
FPSO Cidade de São Paulo

September 2012: Baleia Azul 1st Oil
January 2013: Sapinhoá Pilot 1st Oil
June 2013: Lula NE Pilot 1st Oil
2013: Declaration of Commerciality – Búzios, Sul de Lulaand Lapa
2014: First well to start production with Buoy Supporting
Risers (BSR)
September 2014: Declaration of Commerciality – Itapu,
Sépia, Sul de Sapinhoá
October 2014: Iracema Sul Pilot 1st Oil
November 2014: Sapinhoá Norte Pilot 1st Oil
December 2014: Declaration of Commerciality – Iara andEntorno de Iara

Main Discoveries
2012: Franco NW, Tupi NE, Carcará and Sul de Guará
2013: Entorno de Iara, Sagitário, Florim and Sul de Tupi
2014: Florim 2 and Júpiter Apollonia

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT POTENTIAL—* Declared volume operated by Petrobras

15.9 bi boe

Declared
Recoverable
VolumeDeclared Recoverable Volumes••••

Lula: 8.3 billion boe
Sapinhoá: 2.1 billion boe
Lapa: 459 million boe
Transfer of Rights: 5.0 billion boe*

Produced = 15.9 bi boe

Total: 15.9 billion boe* Búzios, Sul de Lula, Sul de Sapinhoá, Sépia and Itapu: 4.4 bilion boe of recoverable
volume estimated after declaration of commerciality

Lula + Sapinhoá+ Transfer of Rights

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—STRATEGY—CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT ACTUAL PRODUCTION CAPACITY
33 Production wells (January 2015)—

FPSO Cid. Anchieta
4 production wells

FPSO Capixaba
2 production wells

FPSO Dynamic Producer
1 production well
FPSO Cid. Niterói
1 production well

FPSO Cid. Mangaratiba
2 production wells
P-48
2 production wells
P-58
5 production wells
FPSO Cid. Angra dos Reis
4 production wells

FPSO Cid. Paraty
4 production wells

P-53
3 production wells

FPSO Cid. Ilhabela
1 production well

FPSO Cid. São Paulo
4 production wells

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—OIL TRANSFER STRATEGY—(UOTE)

CONVENTIONALTANKERSHIPTO SHIPUTGCA

Caraguatatuba

DP TANKER
DP TANKER

DP TANKER

Santos Basin—CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—GAS TRANSFERSTRATEGY—
1 - CARAGUATATUBA

Capacity (million m3/day)

Status10

2 - CABIÚNAS

13

Operating2015

3 - MARICÁ

21

2017

TOTAL

44

Route 2
Route 3

Route 1CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—FIRST WAVE OF TECHNOLOGYAPPLICATION—CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Production from the Pre-Salt area required the overcoming offour main technological challenges—

D

Ultra-deep waters

C

Presence of contaminants(CO2 and H2S) in thereservoirs

B

Thick salt layer & very deep
reservoirs

A

Very heterogeneous
carbonate reservoirs &seismic imaging complexity

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

G&G technologies were key to see below the salt and increase recovery
factor—

MAIN TECHNOLOGIES APPLIED

1Characterization of poorlyknown microbial carbonate
reservoirs

2World record of high-density
seismic technology:
21,700 km2

3First use of alternatedwater-gas injection (WAG) in
ultra-deep waters (2,200 m)

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Production from the Pre-Salt area required the overcoming offour main technological challenges—

D

Ultra-deep waters

C

Presence of contaminants(CO2 and H2S) in thereservoirs

B

Thick salt layer & very deep
reservoirs

A

Very heterogeneous
carbonate reservoirs &seismic imaging complexity

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Important well innovations to deal with a thick salt layer and uniquereservoir characteristics—

MAIN TECHNOLOGIES APPLIED

4Water depth record(2,249 m) for a subsea welldrilled with Pressured
Mud-Cap Drilling (PMCD)

5First intensive use of
intelligent completion in
ultra-deep water satellite
wells in a scenario with highpotential carbonate (CaCO3)
scaling - 12 wells with thissystem installedCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Production from the Pre-Salt area required the overcoming offour main technological challenges—

D

Ultra-deep waters

C

Presence of contaminants(CO2 and H2S) in thereservoirs

B

Thick salt layer & very deep
reservoirs

A

Very heterogeneous
carbonate reservoirs &seismic imaging complexity

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

New technologies were required to deal with the presence ofcontaminants (CO2 and H2S) in the reservoirs—

MAIN TECHNOLOGIES APPLIED

67First CO2 separation fromassociated natural gas inultra-deep water (2,220 m)
associated with CO2 reinjection into producing
reservoirs

Deepest offshore well(2,220 m) injecting gas with
CO2 - CO2 injected gas
content can reach 85%

1st Unit: FPSO Cidade de Angra dos Reis
3rd Unit: FPSO Cidade de São Paulo

2nd Unit: FPSO Cidade de Paraty

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Production from the Pre-Salt area required the overcoming offour main technological challenges—

D

Ultra-deep waters

C

Presence of contaminants(CO2 and H2S) in thereservoirs

B

Thick salt layer & very deep
reservoirs

A

Very heterogeneous
carbonate reservoirs &seismic imaging complexity

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Ultra-deep waters required the development of new and relevant
technologies for subsea systems—

MAIN TECHNOLOGIES APPLIED

8First Buoy Supporting Risers(BSR) (2,100 m) – 4 BRSs are
already installed, with six
wells in production up to
July 2014

9First Steel Catenary Risers(SCR) with Lined Pipes
installed by reel lay method

10

Deepest Steel Lazy Wave
Riser (SLWR) totallycomposed of lined pipes andmetallurgically clad pipes(to be installed in 2015)

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Ultra-deep waters required the development of new and relevant
technologies for subsea systems—

MAIN TECHNOLOGIES APPLIED

11

Deepest flexible riser
installed in Lula field(2,220 m)

12First application of flexible
risers with integrated tensile
armor wire-monitoring
system13

Subsea trees with standard
mechanical interfaces

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT SUBSEA SYSTEMS—

Subsea System
Buoy + flexible lines

OFFLOADINGFPSO Cidade de São PauloOil processing: 120,000 bbl/d
Water injection: 150,000 bbl/d
Gas Compression: 5 million m3/d

Gas Export
Flexible Riser 54 km
Pipeline SPH-LL  Route 1 
UTGCA

Reservoir
API: 29°
GOR: 215 m3/m3
CO2: 18%
VOIP= 1620 MM bbl
31

Wells
08 Producers (1 EXP & 1 RDA)
05 Injector (1 WAG, 1 GI, 3 WI)CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—TECHNOLOGICAL HIGHLIGTHS - SUBSEA—

Safety andreliable subsea systems

Cost-effective forultra deep water projects

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

PRE-SALT SUBSEA SYSTEMS—CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—TECHNOLOGICAL HIGHLIGTHS - FPSOs—

Suitable forpre-salt fluids
and contaminants

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

MAIN RESULTS—

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

MAIN RESULTS
SANTOS BASIN PRE-SALT CLUSTER—

Drilled Wells(Santos Basin Pre-Salt Cluster)
12
10

Exploration
Production
4
1

4

3

2

9
6
1

15

21

6

100%

Operating Rigs
(Santos Basin Pre-Salt Cluster)

21
2

2

3

7

10

10

Reference: Dez/2013 *Only operated wells

22

Exploratory
success in 2013—

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Time to reach a production of 500,000 bopd—

PETROBRAS

CAMPOS BASIN

PRE-SALT

Onshore / Shalow Water

Deep Water

Ultra-Deep Water

1953
1984

31 years

4,108 wells

120 bopd/well

1974
1995

21 years

411 wells

1,200

bopd/well

2006
2014

8 years

25 wells

20,000 bopd/wellCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

MAIN RESULTS - EWTs—

FPSO Dynamic
Cidade deProducer
São Vicente—
EWTs

Period

Block

Lula

Apr/09 - Dec/10

BM-S-11

Lula NE

Apr/11 - Nov/11

BM-S-11

Iracema S

Feb/12 - Oct/12

BM-S-11

Sapinhoá N

Jan/13 - May/13

BM-S-9Lula Sul

Nov/13 – Apr/14

BM-S-11CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

MAIN RESULTS - PILOTS—

Sizeable hydrocarbon discoveriesVery high productivity (25+ kbpd per well)Successfull fast track projects (4-6 years after
discovery)Successful pioneering technologies

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

MOST RECENT PRODUCTION SYSTEM ON STREAM—FPSO Cidade de Mangaratiba (Santos Basin)

On stream since October 14th

150 kppd oil
8 MM m³/d gas
8p + 8i wells

Iracema SouthCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

MOST RECENT PRODUCTION SYSTEM ON STREAM—FPSO Cidade de Ilhabela (Santos Basin)

On stream since
October 20th

Sapinhoá North

150 kppd oil
6 MM m³ gas
8p + 7i wells

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—TECHNOLOGICAL HIGHLIGTHS - WELLS—

92 days:

drilling + completion record(Aug/2014)

Safe and reliable wells
Cost-effective and high productivity
wells for pre-salt conditionsFirst Pre-salt
Horizontal Well
LL-8H - Lula Pilot

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—PERSPECTIVES—CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2020 – Additional 22 platforms—

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

2014-2018 PROJECTS PERSPECTIVES—

Iracema Norte (Santos Basin) 1st oil: Q4,2015

150 kppd oil
8 MM m³/d gas
8p + 9i wells

FPSO Cidade de Itaguaí

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

2014-2018 PROJECTS PERSPECTIVES—Lula Alto (Santos Basin) 1st oil: 2016
150 kppd oil
6 MM m³/d gas
10p + 8i wells

FPSO Cidade de Maricá

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

2014-2018 PROJECTS PERSPECTIVES—Lula Central (Santos Basin) 1st oil: 2016

150 kppd oil
6 MM m³/d gas
10p + 9i wells

FPSO Cidade de Saquarema

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

2014-2018 PROJECTS PERSPECTIVES—

8 New build FPSOs ReplicantsFirst: P-66 (Lula Sul)
1st oil: 2016

150 kppd oil
6 – 7 MMm³/d gasCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—NEXT TECHNOLOGICAL WAVE—CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2020 – Petrobras Oil Production—

4.2

Multiplex
completions
million bopd

3.2
+7,5%
+- 1%

1.93
7%

~20%

52%

Post-Salt

53%

Pre-Salt

2013

2014

2015
2015

2016

2017

2018

2019

2020

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2020 – Petrobras Oil Production—

4.2

million bopd

Ocean
bottomsensorsfor Seismic
imaging

3.2

+7,5%
+- 1%

1.93
7%

~20%

52%

Post-Salt

53%

Pre-Salt

2013

2014

2015

2016
2016

2017

2018

2019

2020

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2020 – Petrobras Oil Production—

4.2

million bopd

New
instrumented
devices (pigs)
for internal
inspection of
rigid pipes

3.2

+7,5%
+- 1%

1.93
7%

~20%

52%

Post-Salt

53%

Pre-Salt

2013

2014

2015

2016

2017
2017

2018

2019

2020

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030
2020 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

SSGL
BMSHA

2020

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2

million bopd

Advancedmembranematerials forCO2 separationfrom natural
gas

3.2

+7,5%
+- 1%

1.93
7%

~20%

52%

Post-Salt

53%

Pre-Salt

2013

2014

2015

2016

2017

2018
2018

2019

2020

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

SSGL
BMSHA

2020

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

2020

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

2020

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

2020

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

2020

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

2020

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

2020

High Pressure
Separation (HighSep)
for bulk CO2 removal

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

The way forward to 2030 – Petrobras Oil Production—

4.2 million bopd

Petrobras Production in Brazil

million bopd

3.7 million bopd

2020

Large Capacity FPUs

2020-2030

2030

CURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

713

Average production from Pre-salt reservoirs

thousand bopd
21 Dec 2014—

520

thousand bopd
24 Jun 2014

CUMULATIVEPRODUCTION
31 Dec 2014407

thousand bopd
20 Feb 2014

501

300

thousand bopd

Million boe

20 Feb 2013114

thousand bopd
26 Dec 2010211

thousand bopd

24 Sep 2012

may/09Daily record ofoil productionCURRENT STATUS AND STRATEGIES FOR DEEP SEA OIL AND NATURAL GAS PRODUCTION IN BRAZIL—

Letícia Midori Sugita
Sapinhoá Pilot 1st Oil—

Thank you—comunica.uobs@petrobras.com.br