Report of discoveries in Brazilian pre-salt - Part 19

May 30, 2011 12:00 AM

Report of ten selected discoveries in Brazilian pre-salt - Part 19 - Appendix I - Economic Summary Projection (NE Tupi, Peroba and Surrounding of Iara)


by F. Busquet

Note:
The areas of Tupi NE, Peroba, Surrounding of Iara prospects is part of the Transfer of Rights Agreement to explore and produce oil, natural gas and other fluid hydrocarbons in certain blocks of the pre-salt area, up to the limit of 5 bn barrels of oil equivalent, as provided under Law No. 12, 276 signed by the President of Brazil on June 30, 2010 (“Law No. 12,276”), including the initial purchase price of the transfer of rights, to be entered into among Petrobras as assignee, the Brazilian federal government, as assignor, and the National Petroleum, Natural Gas and Biofuels Agency – ANP, as regulator (the “Assignment Agreement”).
The Board of Executive Officers authorized all necessary actions to conclude the transfer of rights, including the execution of the Assignment Agreement, according to news published by Petrobras in September 1, 2010.

Iara is operated by Petrobras which holds a 65 % interest; BG Group holds 25 %; and Galp Energia holds the remaining 10 %.

Economic Summary Projection
Total Field (Gross) - P50 Volumes
NE Tupi

Appendix_I_4_EcomomicSummaryProjection_NE_TUPI.jpg

Economic Summary Projection
Total Field (Gross) - P50 Volumes
Peroba

Appendix_I_5_EcomomicSummaryProjection_Peroba.jpg

Economic Summary Projection
Total Field (Gross) - P50 Volumes
Surrounding of Iara (37.6 % of Iara)

Appendix_I_6_EcomomicSummaryProjection_Iara.jpg

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