Review of Governance and Organizational Management Model

Read our statement (3/25/2015): Petrobras announces that its Executive Board, in a meeting held on March 24, 2015, approved the beginning of the project to review its corporate governance and organizational management model based on new business environment and the review of the Company's investment plan.

Libra consortium finishes drilling second extension well

Read our announcement (March 24, 2015): The Libra consortium has finished drilling extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A). The drilling results confirmed the presence of a hydrocarbon column approximately 200 meters deep in reservoirs with good permeability and porosity characteristics.

We have started production at the pre-salt Búzios field

The early production system of the Búzios field, located in the Santos Basin pre-salt cluster, went into operation last Tuesday (Mar. 10). This is the first large-scale, long-term production in the Transfer of Rights area. Production will take place by means of the Dynamic Producer platform vessel, which is interconnected to well 2-ANP-1-RJS, and its average production will be restricted to 15,000 barrels of oil per day due to gas use limitations.