PETRÓLEO BRASILEIRO S.A. – PETROBRAS

2012 – 2016 Business Plan

 

Petrobras announces that its Board of Directors has approved the 2012-2016 Business Plan with investments totaling US$ 236.5bn (R$416.5bn), an average of US$ 47.3bn per year.

The 2012-2016 Business Plan is founded on the integrated management of the projects portfolio of

The company, with emphasis on:

· Recovering the production curve for oil and natural gas;

· Prioritizing oil and natural gas exploration & production projects in Brazil;

· Focusing attention on the perfect alignment between the physical and financial targets of

each project; and

· Developing the company’s business opportunities while maintaining sound financial metrics.

2016-2020 Business Plan