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Petrobras is listed on San Paulo ADR and on NYSE but mostly owned and managed by the Brazil Government as the other national oil companies (NOC) in oil producing countries.
Petrobras owns and operates 125 production platforms, 15 refineries (12 in Brazil), 30,000 kilometer of pipelines and more than 8,000 service stations.
Petrobras currently operates most of Brazil’s producing oil and gas fields and holds a large base of proved reserves.
In 2009, the first development in production of the pre-salt oil redefined to profile Petrobras‘s reserves.
After 43 years of developing Brazil’s offshore basins, Petrobras in cooperation with most of the international oil companies (IOCs) developed special expertise in deep water exploration and production.
Operating mainly in the world’s sixth largest economy, Petrobras holds a dominant position with growing reserves and more than 98% of Brasilian economy capacity.
With local Market Leadership in exploration and production, transportation and distribution, refining and chemical, Petrobras as all the national oil companies intends to take advantage of the integrated upstream–downstream hydrocarbon value chain to develop all the activities in synergies to reduce import and create the conditions of the economical and social development in Brazil.
The post-salt and pre-salt discoveries made offshore by Petrobras represent one third of the worldwide discoveries in the last 5 years making Petrobras the 5th biggest energy company in the world.
Petrobras Key Figures
– 2010 Revenues: $120,4 billion
– 2009 Revenues: $91,1 billion
– 2011 Earnings: $20,1 billion
– 2010 Earnings: $20 billion
– 2009 Earnings: $15,3 billion
– 2011 Capital Expenditure: $43,1 billion
– 2010 Capital Expenditure: $45 billion
– 2009 Capital Expenditure: $35,1 billion
Petrobras Projects and Business Highlights
To support its development, Petrobras organized in 2010 the world biggest IPO in raising $70 billion.
Then Petrobras worked out its Business and Management Plan 2012 – 2016 to engage $ 236.5 billion in capital expenditure over that period across 980 projects.
147 projects are still in evaluation phase.
Because of the gigantic offshore exploration and production program, the upstream will concentrate 60% of the capital expenditure.
With these investments, Petrobras imposed 65% of local content calling to produce equipment and construct infrastructures in Brazil.
The crude oil extracted from the pre-salt fields contains large quantities of associated gas.
This associated gas causes the construction of series of pipelines, 300 kilometer long and 3,000 meter deep to the shore.
Compared with any other company, all the Petrobras projects have another dimension in size and complexity requiring the support of all the most advanced companies of the oil and gas industry.