Important records were broken in March thanks to the hard work of our teams to increase asset productivity. As a result, we attained production records in the pre-salt, in refinery throughput, in natural gas delivery, and in fertilizer production. Read the statement we released this Monday (April 07):
Our total oil and natural gas output in Brazil was 2,327,000 barrels of oil equivalent per day (boepd) in February, 0.7% above January, at 2,310,000 boed. Including production operated for our partners in Brazil, the February volume reached 2,476,000 boed, 1.5% more than the previous month's (2,438,000 boed).
Read our statement on the internal commission to investigate the acquisition process of the Pasadena Refinery, in Texas:
Petrobras announces that on Mar. 24, 2014 it constituted an internal committee, coordinated by the Company's Internal Auditors, to investigate the acquisition processes of the Pasadena Refinery, in Texas. The said Commission has 45 days to submit its findings.
Read the official statement we issued on the internal investigation into allegations involving SBM Offshore:
Petrobras announces that the Internal Commission of Inquiry, formed on Feb. 13, 2014 to investigate alleged bribe payments to Company employees involving SMB Offshore, concluded that, based on the work done and restricted to its regulatory competence, it found no facts or documents evidencing payment of bribes to Petrobras employees.
Production platform P-58 came into operation on Monday, March 17, as foreseen in our 2014-2018 Business and Management Plan. The unit is located in the complex called Parque das Baleias, in the Espírito Santo portion of the Campos Basin. Production got underway by means of well 7-BFR-7-ESS, producing from a pre-salt reservoir, which presented excellent productivity, as expected.
The 2014 Formula 1 season is scheduled to begin in the early hours of Sunday (Mar. 16), with the Australian Grand Prix. In February, we signed a technology cooperation agreement with Williams, who will take to the track the Williams Mercedes FW36, the Williams Martini Racing team's new car displaying our logo on the side of the chassis.
Our brand also appears everywhere in the team's environment and apparel. This year, Brazilian driver Felipe Massa and Finn Valtteri Bottas will race for Williams. Brazilian national Felipe Nasr will be the test and reserve driver.
See our official statement (05/03) on 2013 results and new pre-salt record:
On February 27, pre-salt fields operated by Petrobras produced 412,000 barrels of oil, a new daily production record. Achieved with just 21 production wells, this figure demonstrates the high-productivity of the pre-salt fields. On February 18th, the first well to start production using innovative Buoy Supported Riser (BSR) technology went into operation on the FPSO Cidade de São Paulo, producing an impressive 36,000 barrels of oil per day (bpd).
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.