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Last R$13.45 BRL
Change Today +0.56 / 4.34%
Volume 52.7M
PETR4 On Other Exchanges
New York
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As of 4:07 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Avenida República do Chile, 65

Rio de Janeiro, RJ 20031-912




Petróleo Brasileiro S.A.—Petrobras operates as an integrated oil and gas company. The company’s segments include Exploration and Production; Refining, Transportation and Marketing; Distribution; Gas and Power; Biofuel; and International. Segments Exploration and Production This segment engages in the exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. The primary focus of the company’s exploration and production segment is to continue to explore and develop the Campos Basin, utilizing the infrastructure to drill in deeper horizons in existing concessions, including pre-salt reservoirs; explore and develop Brazil’s offshore basin, Santos (gas and light oil), with a particular focus on pre-salt development; explore light oil and natural gas in new frontiers, including Brazil’s equatorial and eastern margins; and develop associated and non-associated gas resources in the Santos Basin and elsewhere (including continued reductions in gas flaring) to meet Brazil’s demand for gas and to increase the contribution of Brazilian gas production as a proportion of total domestic gas supply. As of March 31, 2014, the company had 147 exploration agreements (covering 96 exploratory blocks and 51 evaluation plans underway), corresponding to a gross exploratory acreage of 103,597 square kilo meters (25.6 million acres), or a net exploratory acreage of 54,210 square kilo meters (13.4 million acres). The company is responsible for conducting the exploration activities in 38 exploratory blocks and in 17 evaluation plans underway. As of March 31, 2014, the company had exploration partnerships with 24 foreign and domestic companies. The company conducts exploration activities under 62 of its 92 partnership agreements. The company holds interests ranging from 20% to 100% in the exploration areas under concession or assigned to it. Campos Basin: The Campos Basin covers approximately 115,000 square kilo meters (28.4 million acres). The Campos Basin is the company’s major oil- and gas-producing region, producing an average 1,531.1 thousand barrels per day (mbbl/d) of oil and 553.8 million cubic feet per day (mmcf/d) of associated natural gas from 47 producing fields. In 2013, the company operated 42 floating production systems and 14 fixed platforms in water depths from 80 to 1,886 meters (262 to 6,188 feet). Campos Basin Projects: The company is ramping up oil production from two major projects and starting to develop three other in the Campos Basin. Exploration: As of December 31, 2013, the company held rights to five exploratory blocks and seven exploration plans in the Campos Basin, comprising a total of 4,493 square kilo meters (1.1 million acres). During 2013, in the Campos Basin, the company it drilled a total of five exploratory wells (three of them in pre-salt reservoirs). Concession Agreements: The company has two systems performing extended well tests in the Santos Basin pre-salt area, the Floating Production, Storage and Offloading Unit (FPSO) Cidade de São Vicente and the FPSO Dynamic Producer. As of December 31, 2013, the company held exploration rights to 7 blocks in the Santos Basin and 11 exploration plans, comprising 10,404 square kilo meters (3.6 million acres). The Santos Basin pre-salt was a central focus of exploration and production activities in 2013. In 2013, it drilled 12 exploratory wells (11 in the pre-salt area) in total. In 2013, the company made various oil discoveries in the areas of Franco, Florim, BM-S-42 (Sagitário), Entorno de Iara, Sul de Tupi and Júpiter and it also declared the commerciality of a new exploratory field named Lapa, with estimated recoverable volume of 459 million barrels of petroleum. Assignment Agreement (Contrato de Cessão Onerosa): Under the Assignment Agreement, the company acquired six blocks and one contingent block, which comprise its rights to explore, evaluate and produce up to 5 billion barrels of oil equivalent (boe) in the pre-salt area of the Santos Basin, of which it has already declared as commercial 3.18 billion boe from the Buzios and Sul de Lula blocks. The company is developing these blocks in an int


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