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Investor Presentaiton

ATLANTA FIELD PRODUCTION AND FINANCIALS 9queiroz galvão EXPLORAÇÃO E PRODUÇÃO Atlanta Field Development Plan calls for an Early Production System (EPS), followed by a Full Development (FD) System, as follows: EPS: Oil production of 25-30 kbpd for 3 years Two production wells are drilled, equipped to produce 25kbbl/d for the first three years; a 3rd well to increase average production capacity to 30kbbl/d is contemplated EPS Capex: US$728 million (for 3 wells) | Opex: US$480k/d, including charter, services, logistics, abandonment fund and others FD: Maximum oil production capacity of 80 kbpd, with production up to 2033 Addition of 10 horizontal wells, totalling 12 production wells Production Estimate - based on 2P reserves, as stated in the Field's Development Plan: Estimated Atlanta Field Production Profile (kbpd) 80 70 60 50 40 30 20 10 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 INVESTOR PRESENTATION ■FD Production (kbpd) ■EPS Production (kbpd) P. 16
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