PETROBRAS Strategic & Business Plan 2009-2013: Opportunities for foreign suppliers pdf

2020 PETROBRAS STRATEGIC & BUSINESS PLAN
PETROBRAS
Strategic & Business
Plan
2009-2013
Opportunities for foreign suppliers
Paulo Sérgio Rodrigues Alonso D.Sc.
Materials Engineering Manager
Houston, May 5
th
2009
OTC 2009
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
DISCLOSURE
The presentation may contain forecasts about future events. Such forecasts 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. The Company is not obliged to update the presentation/such forecasts in light of
new information or future developments.
Cautionary Statement for US investors
The United States Securities and Exchange Commission permits oil and gas companies,
in their filings with the SEC, to disclose only proved reserves that a company has
demonstrated by actual production or conclusive formation tests to be economically and
legally producible under existing economic and operating conditions. We use certain
terms in this presentation, such as oil and gas resources, that the SEC’s guidelines
strictly prohibit us from including in filings with the SEC.

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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
PRESENTATION OUTLINE
Main objectives;
PETROBRAS Overview;
Strategic and Business Plans Highlights:
 E&P;
 Downstream;
 Petrochemical;
 Gas and Energy;
Critical Goods and Services and equipment quantities;
PETROBRAS Strategies for purchasing goods and services;
Register Requirements for Foreign Suppliers;
PROMINP – Governmental Program and Local Content;
Conclusions.
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
MAIN OBJECTIVES
To provide a broad overview of PETROBRAS main
investment programs, included in the Strategic and
Business Plan for the period 2008-2012, aiming to
expand the basis of selected goods and services
foreign suppliers interested to come to Brazil and
register with the Company in order to participate in
the projects’ Vendor Lists.
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
Petrobras Overview
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN

A WORLD-CLASS, PUBLIC, INTEGRATED ENERGY COMPANY
2007 (SEC) reserves and production
XOM
RDS
BP
CVX
TOT
CO P
PBR
5,000
10,000
15,000
20,000
25,000
30,000
2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500
Production(mboe/d)
Reserves(mmboe)
Production
Target: 2009
Production
Target: 2013
Production
Target: 2020
STRATEGIC VISION: TO BE ONE OF THE WORLD’S FIVE
LARGEST PUBLICLY TRADED OIL PRODUCERS
Among its peers, Petrobras has the:
• 4
th
largest Proven Reserves;

• 5
th
largest Oil & Gas Production;
6
th
largest Refining Capacity;
6
th
largest Market Value.
Source: Bloomberg and Company Reports (2007 SEC Proven Reserves Data, 9M08 Oil & Gas Production data, 2008 Refining
Capacity data and 2008 Market Value data)
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
2007 Total Oil Consumption by Country (mmbo/d)
DOMINANT POSITION IN A LARGE AND GROWING EMERGING MARKET
Source: BP Statistical Review 2008, PFC Energy
Total Oil Consumption mb/d (index)
Brazil is world’s eighth-
largest oil consumer
Brazil oil consumption growing at 2.4% p.a.
OECD oil consumption growing at 1% p.a.
100
110
120
130
140
150
160
1990
1991

1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
Brazil OECD World
20.7
7.9
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
HIGH-POTENTIAL PORTFOLIO IN ONE OF THE WORLD’S
MOST EXCITING PROVINCES
Significant light oil and gas
discoveries have been made
in the Espirito Santo Basin
82% of our total crude
production currently
comes from Campos
Basin

Roncador
Marlim
Albacora
Iara
Jupiter
Tupi
Carioca
Thunder
Horse
Agbami
Akpo
Kizomba
Girassol, Jaz, Rosa
Dalia
Khurais
Kashagan
Kurmangazi
Shah
Deniz
Azadega
n
Anaran
Sakhalin II
Sakhalin I
Development of the Santos Basin
sub-salt play will drive our long-
term production growth
Circle size indicates
estimated reserves
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
Strategic and Business Plans
highlights
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
We will be one of the largest integrated energy companies in the
world and the preferred choice among our stakeholders
Vision 2020
Our operations will be notable for:
Strong international presence;
World scale prominence in biofuels;
Operational excellence in management, technology and human
resources;
Profitability;
Benchmark in social and environmental responsibility;
Commitment to sustainable development.
Vision 2020 Characteristics
VISION 2020 AND CHARACTERISTICS
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
Business Plan 2009-2013
US$ 174.4 billion
25%
2%
2%
7%
3%
2%
59%
E&P

RTC
G&E
Petrochemicals
Biofuels
Distribution
Corporate
104.6 (*)
43.4
11.8
5.6
3.0
2.8
3.2
(*) US$ 17.0 billion allocated to Exploration
AND A CAREFULLY CRAFTED SPENDING PROGRAM
TO SUPPORT THAT VISION
International Investments
US$ 15.9 billion
79%
7%
8%
5%
1%
E&P RTCP G&E
Distribution Corporate
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
Environment
Renewable
Energy

and
Bio Fuels
Natural Gas
Frontier
Areas
Basin
Modeling
Heavy
Oil
Optimization
&
Reliability
Deep and
Ultra-deep
Waters
Fuel
Innovation
Refining
Climate
Changes
Transportatio
n
Enhanced
Oil
Recovery
Pre-salt
Total Area:114.000 m
2
Building:75.000 m
2

137 Laboratories
30 Pilot plants
CENPES
Technological programs
Partnership with over 120 universities and research centers in Brazil, and 70 Institutions abroad
Expansion
CENPES Expansion and
Dataprocessing integrated Center:
Total Area: 190.000 m
2
Building: 114.000 m
2
Investments in Technology
2009-2013
47%
23%
5%
25%
E&P Downstream
G&E Corp.(Cenpes)
1.9
0.2
1.0
0.9
US$ 4.0 billion
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
E&P Business Segment
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN

E&P: FOCUSED & DISCIPLINED INVESTMENT
Total Investments
17%
12%
58%
13%
Exploration
Santos Pre-salt
Development
International
Total Investments of US$ 104.6 billion in E&P through
2013, of which US$ 92 billion will be spent in Brazil
Expected Costs of Production*
Production costs (US$/bbl-2008)
Reserves (bn bbls)
1000 2000 3000 4000 5000 6000 7000 8000 9000 100000
20
40
60
80
100
120
140
Deepwater and
Ultra-deep water
Produced
MENA
Other
conventi
onal oil

CO₂ -
EOR
EO
R
Arctic
Heavy
oil and
bitumen
Oil
Shales
Gas to
liquids
Coal to
liquids
Petrobras expected
maximum break-even cost
* Source: IEA – Outlook 2008
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
PRE-SALT PROVINCE
MINA GERAIS
SÃO PAULO
PARANÁ
Total area of the Province: 112,000 km
2
Area under concession: 41,000 km
2
(38%)
Area not under concession: 71,000 km
2

(62%)
Area with Petrobras interest: 35,000 km
2
(31%)
RIO DE JANEIRO
ESPIRITO SANTO
Tested wells
Campos HC
Exploratory Blocks
Pre-Salt reservoirs
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
SANTOS BASIN PRE-SALT CLUSTER
Rio de Janeiro
50 km
Tupi
Carioca
Parati
Iara
Guara
BM-S-21
BR 80%
BM-S-24
BR 80%
BM-S-10
BR 65%
BM-S-11
BR 65%
BM-S-9
BR 45%

BM-S-8
BR 66%
BM-S-22
BR 20%
Azulão
Bem-te-vi
Caramba
Major discoveries include: Tupi,
Iara, Carioca, Guara, Jupiter, Parati,
Bem-te-vi and Caramba
Multi-billion barrel reserves potential
Good oil quality: medium-light
Seismic activity and appraisal wells
underway
Recoverable resources announced:
5-8 bn boe in Tupi and 3-4 bn boe
in Iara
Three production systems by 2014:
Tupi, Iara and Guara
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
MG
RJ
Peroá
Camarupim
Carapó
Canapu
JUB
Catuá
Baleia Azul

ABA
OST
ARG
PRB
CXR
CHT
NAU
Golfinho
UTG Cacimbas
UTG Sul Capixaba
UPGN Lagoa Parda
Cangoá
Baleia Franca
Terminal Barra do Riacho
Infrastructure in-place
P-34 at Jubarte field, first pre-salt production:
excellent results, prod. up to 18 k b/d
FPSO Seillean started in dec/08 as pilot
system of Cachalote (CHT) field
FPSO Capixaba will move from Golfinho field
to Cachalote/Baleia Franca (BFR) in 1H10
FPSO Pipa II will start in 2H10 as Baleia Azul
(BAZ) pilot system
Baleia Azul first definitive production unit by
4Q12
Natural gas production transported via pipeline
Rio Doce
Linhares
Aracruz
Marataizes

Anchieta
Guarapari
Vila Velha
VITÓRIA
Presidente
Kennedy
Sul-Norte Capixaba
Gas pipeline
12 a 24” – 160 km
7 a 15 MM m
3
/d
24” – 66 km
25 MM m
3
/d
ESPÍRITO SANTO PRE-SALT
Sul Capixaba
Gas pipeline
12” – 83 km
4,5 MM m
3
/d
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
2,680
2,580
2,430
2,250
2,050

1,855
1400
1600
1800
2000
2200
2400
2600
2800
2008 2009 2010 2011 2012 2013
Parque das
Conchas
FPSO Espírito
Santo
100,000 bpd
Marlim Sul
Module 2
SS P-51
180,000 bpd
24/jan/09
Marlim Leste
FPSO Cidade de
Niterói
100,000 bpd
26/feb/09
Thousand bpd
Marlim Sul
SS P-56
Module 3
100,000 bpd

Jubarte
FPSO P-57
180,000 bpd
MAJOR OIL PROJECTS
Tupi Pilot
FPSO Cidade de
Angra dos Reis
100,000 bpd
Tupi TLD
FPSO BW Cidade
de S.Vicente
30,000 bpd
FPSO Frade
100,000 bpd
Cachalote e
Baleia Franca
FPSO Capixaba
100,000 bpd
Roncador
FPSO P-62
Module 4
100,000 bpd
Marlim Leste
FPU P-53
180,000 bpd
30/nov/08
9
Cachalote
FPSO Seillean
25,000 bpd

16/dec/08
9
9
9
Roncador
SS P-55
Module 3
180,000 bpd
Papa-Terra
TLWP P-61 &
FPSO P-63
150,000 bpd
Guará 1 Pilot
FPSO
100,000 bpd
Anticipation of
Baleia Azul
FPSO
Espadarte
100,000 bpd
PN 2009-2013
Badejo
FPSO Cidade Rio
das Ostras
15.000 bpd
31/mar08
9
Pre-Salt Projects
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN

CIDADE DO RIO DE JANEIRO FPSO(CAPACITY 100 .000 BPD),
PRODUCTION ON 06/01/07 AT ESPADARTE FIELD
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
PIRANEMA FPSO (CAPACITY 30 .000 BPD),
PRODUCTION ON 10/10/07
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
P-52 DECK MATING
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
P-52 - BRASFELS SHIPYARD- ANGRA DOS REIS
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
P-54 - MAUÁ JURONG SHIPYARD- NITERÓI
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
P-54 LEAVING THE SHIPYARD ON 19-Out-2007
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2020 PETROBRAS STRATEGIC & BUSINESS PLAN
P-54 LEAVING THE SHIPYARD ON 19-Out-2007
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