Petróleo Brasileiro S A Petrobras : OTC - The Brazilian Pre-salt Development

OTC

Brazilian Pre-Salt Development:

Value and Resilience through

Excellence

João Henrique Rittershaussen

Executive Officer

PETROBRAS Chief Production Development

P-75

Currently, in the pre-salt layer, Petrobras is the operator of more than 40 blocks and production fields

-

0

50 km

Campos Basin

Santos Basin

Concession

Transfer os rights (ToR) Production sharing agreement

• Company with largest discovery area
• Right to explore 25,600 km² of the pre-salt area

15x the size of Houston city

• The company with the largest pre-salt area

Pre-salt share in total production keeps growing and there is an increasing perspective based on technology capabilities

	-
boe/d	Pre-salt		Future Pre-salt production
million
				Brazil + Abroad
- oil and gas,	Ultra deepwater
	67%	68%	73%	79%	80%
Brazilin	Deepwater
production
Shallow waters
Petrobras	Onshore
1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021	2021	2022	2023	2024	2025
	Cumulative production until jun-2021

3

Excellence in technology creates value constantly

-

• Intensive use of 4D Seismic
• 30% reduction time in geological modeling
• • • New generation of owned FPSO
    • Reduced procurement and construction time
    • • Well construction - 7% p.y average cost reduction in the last 10 years
      • New well design and technologies
  • Well connection - 7% p.y average cost reduction in the last 4 years
  • Subsea layout optimization

Digital Twins as an enabler to reduce maintenance, increase productivity and operational efficiency

Petrobras focuses on dual resilience in the future pre-salt projects

-

Low breakeven

Accelerated Project implementation

Low Lifting cost

High recovery factor

Dual

Resilience

Emission

Reduction

Routine flaring reduction

Carbon Capture, utilization and storage (CCUS)