Investor Presentaiton
11
Wää
December 2012
1000
1271
2000
1 336
3 000
1 500
1540
Petrobras' oil reserves (Sep-2012)
• Proven Reserves: 15.7 bn boe
• Potential Recoverable Volumes: 15.8 bn boe
4 000
1 493
5 000
1 684
kboe/day
Petrobras' domestic oil production forecasts (OGX could offer upside)
0
T
2000 2001 2002 2003
2004 2005 2006
2007 2008
2009
2010
*
Actual
2012-2016 BP
.
Of which roughly 90% is offshore vs. the world average of 18%
• Growth in the oil & gas market driven by pre-salt development
1778
1792
1 855
CORPORATION The new Petrobras President's initiative of realistic targets
1971
2004
2022
Petrobras has been known for not reaching its production targets and its projects being delayed. To change
this, they introduced a new project management structure which should give more reliability to their targets.
WARTSILA
2022
2 022
2181
2 341
2500
2925
T
2011
2012 2013
2010 BR strategy
*
2014
2015 2016 2017 2018
2011-2015 BP
Petrobras' 2012-2016 business plan
2019
• Domestic exploration &production spending
totals USD 131.6 billion
2020
⚫ Of which USD 25.4 billion (19%) is earmarked
for exploration
* Business plan
Source: Petrobras investor presentation Sep-2012, 2010 WBR strategy for old production forecast
3 350
3 775
4 200View entire presentation