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20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
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Oil and Gas Production in 2009
Rio de Janeiro, January 19, 2010 – Petróleo Brasileiro S.A. - Petrobras announces its production in December and the average production of 2009.
In December, the Company's average oil and NGL (Natural Gas Liquids) production was 1,987,000 barrels per day (bpd), only 3,800 bpd less than in November (1,991,000 bpd). The average natural gas production, excluding the liquefied volume, was 51.0 million cubic meters per day, 300,000 cubic meters per day more than in November (50.7 million cubic meters). The average total oil, NGL and natural gas production, including the international production, was 2,551,000 barrels of oil equivalent per day (boed) in the month, similar to the mark set in November (2,556,000 bpd).
In 2009, the company averaged 2,525,000 boed in total production, 5.22% more than the previous year's mark of 2,400,000 boed. Oil and NGL production in Brazil was 1,970,00 bpd, 6.3% more than the 2008 average and only 28,000 bpd shy of the production target the Company announced in early 2009 (2,050,000 bpd, plus or minus 2.5%) .
The main highlights of the year were: increased production at platforms P-52 and P-54 in the Roncador field, and the kick-off the platforms P-53 (Marlim Leste), P-51 (Marlim Sul), FPSO Cidade de Niterói (Marlim Leste) and FPSO Cidade de São Vicente (Tupi EWT), which contributed to overcome the natural decline of mature fields.
The production and reserves data keeps Petrobras under the limelight in the global scenario given its capacity to increase its production and maintain its proved reserves level, which as of yet do not include relevant contribution of the pre-salt areas. In 2009, the proved reserves reached 14.865 billion boe, according to the SPE (Society of Petroleum Engineers) criterion, only 1.5% less than the reserves in 2008. The minor decrease was caused by the non inclusion of the Bolivia reserves in the international segment due to Bolivian legislation changes.
Click here for detailed information on Petrobras' production in 2009.
www.petrobras.com.br/ri Para mais informações: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Relacionamento com Investidores | E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
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This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
PETRÓLEO BRASILEIRO S.A--PETROBRAS |
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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