Adjustments to the 2015-2019 Business and Management Plan

Read our announcement (10/06/2015): Petrobras has adjusted its 2015 and 2016 financial planning, given new Brent crude oil prices and the exchange rate (R$/US$). When the Company first disclosed its 2015-2019 Business and Management Plan (PNG 2015-2019), it said that carrying out the Plan was subject to risk factors that may adversely impact projections, including changes in market variables such as oil prices and the exchange rate.

We turned 62 focusing on results, management, and governance

We turned 62 on Saturday (Oct. 03), and continue setting daily operating records. For the first time in history, the total output operated in Brazil, including the portion we operate for partner companies, surpassed 3 million barrels of oil equivalent per day, closing at 3.01 million in August. In the pre-salt region, the monthly operated output reached the record mark of 859,000 barrels per day that month. These results underpin both our leadership in technology for deep and ultradeep waters, and the expectations concerning the high potential of the pre-salt production. Additionally, this record output demonstrated the quality of the reservoirs and these projects' technical and economic feasibility.

Pre-salt: drilling confirms high quality oil potential in Carcará

The drilling of the third well in the Carcará area (Block BM-S-8) in the Santos Basin´s ultra-deep waters has confirmed the light oil potential of pre-salt reservoirs. Well 3-SPS-104DA, informally known as Carcará Northwest, is within the Discovery Evaluation Plan area of discovery well 4-SPS-86B (Carcará). The new well is located 5.5 km northwest of the discovery well, some 226 km from the coast of the state of São Paulo and at a water depth of 2,024 m.

Oil and natural gas output increases and sets record in August

In August, our oil and natural gas output in Brazil and abroad reached the mark of 2.88 million barrels of oil equivalent per day (boed), a historical record, 0.8 percent more than the previous 2.86-million boed record set in December 2014. This volume is also 4.5 percent higher than that recorded in August 2014 (2.76 million boed). Compared to the previous month (July), when 2.80 million were produced, oil and natural gas output was up 3.1 percent.