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We had already signed agreements to terminate four other individual suits filed at the Federal Court of New York, USA
We completed the sale transaction for our stakes in exploratory block BM-S-8 to Statoil Brazil Oil and Gas LTDA
Our total oil and natural gas output in October was 2.81 million barrels of oil equivalent per day (boed)
Net loss of R$ 16,458 million, compared to net income of R$ 370 million in the 2Q-2016.
The assets belonged to Petrobras Argentina and were repurchased because of their strategic value to Petrobras.
Our CEO, Pedro Parente, participated at the Rio Oil & Gas Expo and Conference, in Rio de Janeiro.
Under this MOU, the companies commit to jointly evaluate opportunities in Brazil and abroad
Our total oil and natural gas output in September was 2.88 million barrels of oil equivalent per day (boed).
Our Board of Directors approved the sale of 100 percent of our interests in Nansei Seikyu (NSS) to Taiyo Oil Company
The new policy will be based on two factors: Parity with the international market, plus a margin to remunerate risks inherent in the operation
On Tuesday (Oct. 11) we signed a memorandum of understanding with Galp Energia.
We have started negotiations with Karoon Gas Australia Ltd for the sale of stakes in the Baúna and Tartaruga Verde fields.
The Libra Consortium foresees the entry into operation of the production system for the second half of 2020
Partnerships and collaboration among oil companies have become increasingly important for the development of the E&P around the world
The Society of Petroleum Engineers awards four of our career engineers with the 2016 SPE Regional Award - South America and Caribbean.
We will seek to reduce the accident victim rate. The financial target is to slash the net debt to cash flow by half by 2018
Our total oil and natural gas output in August was 2.84 million barrels of oil equivalent per day (boed)
The companies will work to advance proposals for joint participation in future bids in the exploration area.
The oil and natural gas output that we operate in the pre-salt layer set a new monthly record
Our net income reached R$370 million between April and June
We hereby announce the sale of 66 percent of the stake in exploratory block BM-S-8, in the pre-salt Santos Basin
We have completed the sale of our entire 67.19 percent interest in Petrobras Argentina (PESA), owned via Petrobras Participaciones S.L. (PPSL)
We surpassed the milestone of 2.88 million boed reached in August 2015
The Libra Consortium has completed the drilling and evaluation of the seventh well in the block, located in the Santos Basin pre-salt cluster.
Pre-sal fields account for about 40 percent of our oil operated in Brazil
Engineer Pedro Parente, who took over as CEO, said his priority is our economic and financial recovery
Read our announcement
We have completed negotiations with Pampa Energía
Read the announcement we disclosed on Monday (Mar. 21)
Operations began with the FPSO Cidade de São Vicente vessel platform
The well found an oil column measuring approximately 270 meters
We have deployed the seventh production system
The changes are expected to allow for cost reductions worth up to R$1.8 billion per year.
Read our statement (01/12/2016)
Get to know the challenges we came up against in 2015
Governance, Risk, and Compliance director highlighted measures
Net income was R$ 2,102 million in Jan-Sep/2015
September also set a new daily pre-salt oil output record
The block was acquired in October 2013 and is in the exploratory phase
We reaffirm our commitment to operating with strict control over our capital and profitability
We continue setting daily operating records
Read our statement (10/1/2015)
In August, two new records were set in the pre-salt area
The downgrade will not cause any alterations to contracts in effect
Facts deemed relevant to this issue will be communicated to the market
Read our statement (8/6/2015)
The Cidade de Itaguaí platform came into operation on Friday (July 31)
According to the publication, we are the largest oil company in Latin America
Oil and natural gas production was 2 million 746 thousand barrels of oil equivalent per day (boed)
The platform-ship is able to produce 150,000 barrels of oil
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See why the pre-salt is one of the greatest discoveries of Petrobras.