On March 04th, 2014, production at Cascade and Chinook fields hit 40,000 barrels per day (bpd), a new output record for these oilfields. Cascade has 3 wells in operation and Chinook 2 wells.
Our Board of Directors has approved the 2030 Strategic Plan (2030 SP) and the 2014–2018 Business and Management Plan (2014-2018 BMP).
Net income was 11% up on 2012 due to diesel (20%) and gasoline (11%) price increases in 2013, increased production of oil products, cost optimization, gains from the sale of assets, lower write-offs for dry wells and lower foreign exchange impact due to hedge accounting. Adjusted EBITDA totaled R$ 62.967 billion, up 18% on 2012.
We have announced that well 9-SPS-77, in the Santos Basin pre-salt Sapinhoá Field, came on-stream last Tuesday, February 18th, 2014 at 5:15 pm. The well, producing 33,000 barrels per day (bpd), is connected to FPSO Cidade de São Paulo by a pioneering system in which the output pipeline riser is supported by a submerged buoy, anchored to the seabed and located at a depth of 240 meters. The well is at a water depth of 2,118 meters.
We are once again together with the Williams team in Formula 1. CEO Graça Foster and deputy team head and commercial director of Williams, Claire Williams, have signed the new technological partnership agreement on Tuesday (Feb. 18), in Rio. We have had a history of technological collaboration with Williams since 1998, when the team started using our fuel. The partnership lasted 11 years. Between 2009 and 2013, we continued connected to the category by sponsoring the Brazilian Petrobras F1 Grand Prix and race broadcasts on Globo TV.
Graça Foster was placed fourth in Fortune’s list of the world’s 50 most powerful women in business, published this Thursday morning (06/02) in New York. For the first time ever, the magazine compiled a unified global list of executives, instead of just one list for the US and one for other countries. Graça Foster is the first non-American on the list, topped by Mary Barra, president of General Motors, followed by Ginni Rommety of IBM and Indra Nooiy of PepsiCo.
Our CEO, Maria das Graças Silva Foster, CFO and Investor Relations Officer, Almir Guilherme Barbassa, and our director for Gas and Energy, José Alcides Santoro, will attend, from January 22 to 25, the World Economic Forum, in Davos, Switzerland.
See our official statement (30/12) on the sale of our 35% stake in the Parque das Conchas (BC-10) offshore project.
In the presence of the President of Brazil, Dilma Rousseff, and of our CEO, Maria das Graças Silva Foster, the exploration and production agreement for the Libra area, located in the pre-salt area of the Santos Basin was signed last Monday, Dec. 2, at the Planalto Palace, in Brasília. The area was acquired by the consortium we formed (operator, 40%) with Shell (20%), Total (20%), CNPC (10%), and CNOOC (10%), at an auction held in October by the National Petroleum Agency (ANP).
See our official statement (13/11) on asset sale:
After the approval of its Board of Directors, Petrobras announces that today it has signed the documents selling its 100% shareholding in the wholly owned subsidiary Petrobras Energia Peru (PEP) to China National Petroleum Corporation - CNPC for US$ 2.6 billion.