We have signed a US$5 billion funding agreement with China Development Bank

Read our statement (May, 19): Yesterday, May 19, Petrobras signed a cooperation agreement with the China Development Bank (CDB) for the years 2015 and 2016. The deal encompasses funding of US$3.5 billion already disbursed, as announced on April 1, and an additional disbursement of US$1.5 billion, adding up to US$5 billion in 2015.

Oil and natural gas output up in April

Our oil and natural gas production in April 2015, in Brazil and abroad, was 2,786,000 barrels of oil equivalent per day (boed) up 0.8% on March, which was 2,764,000 boed, and up 8.8% compared to the volume produced in April 2014, which closed at 2,560,000 boed.

Petrobras records net income of R$ 5.3 billion in 1Q15

Read below the announcement made on Friday (May, 15) about our income: • Petrobras posted net income of R$ 5.3 billion in 1Q15, 1% down on 1Q14, influenced by the increase in the company’s net financial expense, especially due to the higher depreciation of the real against the U.S. dollar. • Operating income totaled R$ 13.3 billion, 76% up on 1Q14, chiefly due to the expansion in oil and gas production, higher margins from the sale of oil products and lower expenses with the government take and imports. In addition, the 1Q14 result was impacted by the provisioning for the Program to Encourage Voluntary Severance (PIDV) (R$ 2.4 billion), which did not occur in 2015.

The production we operate in the pre-salt cluster sets a new record and surpasses 800,000 barrels of oil per day

Read our statement: (Petrobras) announces that on April 11, 2015, oil production in the fields it operates in the pre-salt province of the Santos and Campos basins reached the milestone of 800,000 barrels per day (bpd), constituting a new daily production record. Of this volume, around 74% (590,000 bpd) corresponds to Petrobras’ share and the remainder belongs to its partner companies in different pre-salt layer production areas.