Petrobras - 2009 Sustainability Report

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Guarantees for Concession Agreements for Petroleum Exploration

Petrobras gave guarantees to the National Petroleum Agency (ANP) in the total amount of R$ 4,100,403 for the Minimum Exploration Programs established in the concession agreements for exploration areas, with R$ 3,555,688, net of commitments already undertaken, remaining in force. Of this amount, R$ 2,975,888 corresponds to a lien on the oil from previously identified fields already in production, and R$ 579,800 refers to bank guarantees.