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Fortune Ranking: we are 28th among the 500 largest companies in the world

Ranking Fortune ENFortune magazine has released its ranking of the 500 largest companies in the world in 2014, and we appear in 28th place on it. According to the publication, we are the largest oil company in Latin America, with revenues coming in at $143.657 billion last year. Brazil has six companies ranked by Fortune: Itaú Unibanco (112th), Banco do Brasil (126th), Bradesco (185th), JBS (202nd), Vale (312th) and Ultrapar (414th).

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New Decision on Parque das Baleias Arbitration

Parque das BaleiasRead our statement (07/17/2015):

Further to the Parque das Baleias Arbitration released on Luly 6th, the Arbitration Tribunal issued a new ruling yesterday (16/7) to suspend deposits of disputed special participation tax amounts, estimated at R$ 350 million per quarter.

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New production records in pre-salt were achieved in June

MangaratibaRead our statement (07/10/2015):

Petrobras announces that, in June 2015, its oil and natural gas production was 2 million 746 thousand barrels of oil equivalent per day (boed), in Brazil and abroad, 0.7% lower than the volume produced on May (2 million 766 thousand boed) and up 4.3 % on the volume produced in June 2014 (2 million 633 thousand boed).

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Order on the motion to dismiss in the U.S. action

Read our statement (07/10/2015):

Petrobras informs that the judge responsible for the U.S. action today issued an order on the motion to dismiss presented by Petrobras, partially granting the company's motion. The motion to dismiss was intended to have the Court consider whether, from a legal point of view, the Lead Plaintiff’s allegations are sufficient for the action to proceed to the evidentiary stage of the case (discovery).

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FPSO Cidade de Itaguaí arrives in Lula field

Cidade de ItaguaíThe floating production, storage and offloading unit (FPSO) Cidade de Itaguaí is now anchored in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin, off the coast of Rio de Janeiro. The platform-ship is able to produce 150,000 barrels of oil and compress 8 million cubic meters of natural gas per day. Oil production in the field is scheduled to begin in the third quarter of this year.

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Executive Board authorizes studies for public offering of Petrobras Distribuidora S.A. shares

EdiseRead our statement (July, 1):

Petrobras’ Executive Board, at a meeting held on June 30, 2015, authorized studies to be prepared analyzing strategic alternatives for its wholly-owned subsidiary Petrobras Distribuidora S.A. (BR).

Among the possibilities to be explored, is attracting a strategic partner and a public offering, making this subsidiary a listed company in a special segment of the BM&FBovespa stock market called Novo Mercado - New Market and in compliance with corporate governance practices.

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Check out our 2015-2019 Business and Management Plan

PNG-englishRead our statement (June, 29):

Petrobras informs that its Board of Directors has approved, on June 26th, 2015, the 2015–2019 Business and Management Plan. The Plan has as its fundamental objectives to delever the Company and to generate value for its shareholders.

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Brazil Offshore trade show brings Brazilian and foreign companies together in Macaé

Brasil Offshore EnglishWe will have representatives in all International Oil and Gas Industry Conference plenary sessions, with lectures and debates. The event begins on Wednesday (June 24). This year, the conference, which is part of the agenda of the eighth edition of the Brazil Offshore trade show, addresses "Prospects for Revitalizing Mature Fields," and includes sub-topics such as wells and reservoirs, drilling, completion, operation and maintenance, etc. Brazil Offshore will take place through Friday (June 26), at the Journalist Roberto Marinho Convention Center, in Macaé (RJ).

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Two new production records set in the pre-salt in May

Read our statement (June, 12):

Petrobras’ pre-salt production in May set two new monthly output records. Production handled by the company, including both Petrobras and partner production, reached a new high of 726,000 barrels per day, up 1.6% on the April figure (715,000 bpd). This includes Petrobras’ own record output of 519,000 bpd, 3.2% up on the April figure (503,000 bpd).

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Program that reduced gas flaring by 60% in the last six years is featured at the WGC

poagBrazil is currently one of the countries that makes the best use of its natural gas production. With the significant reduction in gas flaring on platforms, in February 2015 we reached the usage milestone of 96.5 percent in gas exploration and production activities, taking the total production at fields we operate into account. Petrobras' Gas Utilization Optimization Program (POAG), in progress since 2010 at Exploration and Production Area operation units in Southeastern and Southern Brazil, made a decisive contribution to the record.

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