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Investor Presentaiton

Oil & Gas Industry in Brazil: significant investments expected Petrobras Production Target 4.9% CAGR 5,382 7.1% CAGR 203 1,109 3,907 128 176 9.4% CAGR 623 1,809 2,037 2,020 2,217 2,298 2,301 2,400 2,525 2,723 07 93 146 100 101 110 141 96 384 124 94 142 126 316 163 321 161 277 273 168 274 251 265 1,500 1,540 1,493 1,684 1,778 1,792 1,855 3,950 2,980 1,971 2,100 T 2002 2003 2004 T T 2005 2006 2007 2008 2009 Gas Production in Brazil Oil Production in Brazil Brazil Production Target* 4,283 59 621 623 6,719 7.8% CAGR 174 1,486 ☐ 1,109 2010 International Oil Production 2014 2020 International Gas Production Petrobras targets to increase crude oil and natural gas production by 97.6% from 2010 to 2020 US$224 billion in investments from Petrobras expected between 2010 to 2014 Important opportunities in addition to Petrobras: OGX, OSX, Shell, BP, Total, Queiroz Galvão, HRT, etc. Local Content 2,980 3,950 2014 2020 PBR Oil PBR Gas ■OGX Oil OGX Gas Source: Petrobras and analysts estimates *Only domestic production ✓ LUPATECH
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