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

China-tradicao-modernRead 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.

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Oil and natural gas output up in April

cidade-mangaratibaOur oil and natural 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.

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

ResultsRead 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.

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The production we operate in the pre-salt cluster sets a new record

NaviosRead 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.

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We are seeking reimbursement from executives and contractors mentioned in the 'Lava Jato'

edise-lavajatoRead our statement (May 8, 2015):

Petrobras has filed joint lawsuits with the Federal Public Prosecutors’ Office for improper conduct against the contractors and executives identified as responsible for irregularities within the scope of the Federal Police’s “Lava Jato” anti-corruption investigation.

The lawsuits are on top of a series of measures the company has adopted to guarantee full compensation for the losses it has suffered, including those related to its reputation.

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We received OTC’s highest award

OTC_premioYesterday evening (May 3), Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the highest recognition that an oil company can be given as an offshore operator. The awards ceremony took place during a dinner in Houston, USA, at the Offshore Technology Conference (OTC), the world’s largest event dedicated to the area of offshore oil exploration and production.

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We have completed a well in the Sergipe Basin and broken a water depth record

mapa_moita_bonitaWe have completed the drilling of well 3-BRSA-1296-SES (ANP nomenclature), in ultra-deep waters in the Sergipe Basin, at the BM-SEAL-10 concession, block SEAL-M-499.

Test results have confirmed both the presence of light oil (of higher market value) and the reservoirs' good porosity and permeability conditions.

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Check out the publication of our audited financial statements

commitmentWe presented a loss of R$21.6 billion in 2014, mainly due to an asset impairment charge of R$44.6 billion and a R$6.2 billion write-down arising from improper payments identified within the scope of the Federal Police’s “Operação Lava Jato” anti-corruption investigation. Our results were also impacted by a provision for losses from power sector receivables (R$4.5 billion), write-downs related to the construction of the Premium I and II refineries (R$2.8 billion) and a provision for the Program to Encourage Voluntary Severance (PIDV) (R$2.4 billion).

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New Amazon Basin Discovery

AmazonasRead our statement (April 16, 2015):

Petrobras has discovered a new oil and gas accumulation in the Amazon Basin, Block AM-T-84.

The discovery was made while drilling well 1-BRSA-1293-AM (ANP nomenclature), informally known as Jusante do Anebá. Well drilling reached the total depth of 2,040 meters.

Preliminary well tests have confirmed the presence of light oil (API 47°) and gas in arenaceous reservoirs, extending from 1,350 meters to 1,900 meters deep.

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Oil and natural gas output for March

Card producao inglesRead our statement (April 16, 2015):

Petrobras’ oil and natural gas output in Brazil and abroad, in March 2015, was 2,764,000 barrels of oil equivalent per day (boed), down 1.3% from February 2015 (2,801,000 boed).

Of this total, 2,574,000 boed were produced in Brazil and 189,900 boed abroad. The output of 2,764,000 barrels of oil equivalent per day (boed) is 8.3% higher than the March 2014 output of 2,551,000 boed.

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