Optimizing Exploration and Development Opportunities

What we have already produced and our potential Brazil has produced only 10% of the volumes discovered in fields World average RF: 35% Brazil Remaining Volume 80% Produced 10% FR=20% Total Reserves 10% Onshore Brazil Campos Basin Onshore 1% more in the 2.4Bboe 1Bboe 200Mboe RF Produced 20% Total Remaining Volume 74% FR=26% Reserves 6% Increasing the RF is an energy policy goal and must be pursued by all agents as per best practices anp Source: Annual Reserves Bulletin 12/31/2020 (Oil and Gas)

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