and Gas Production in 2009
de Janeiro, January 19, 2010 �
Petr�leo 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 Niter�i (Marlim Leste) and FPSO Cidade de S�o 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.
for detailed information on Petrobras� production in 2009.
Contacts: PETR�LEO BRASILEIRO S. A. - PETROBRAS
Investor Relations Department I E-mail: firstname.lastname@example.org /
Av. Rep�blica do Chile, 65 � 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.:
55 (21) 3224-1510 / 9947
This document may
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (Securities Act), and Section 21E of the
Securities Exchange Act of 1934, as amended (Exchange Act) 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 forward-looking statements. 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