🕐28.10.11 - 01:27 Uhr

PETROBRAS - PRESS RELEASE:=?UTF-8?Q20CLARIFICATION=20ON=20ACT =?UTF-8?Q?IVITIES=
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Dear Mr/Mrs Ramin Farzanehfar,

 

 
 
 
Rio de Janeiro, October 27, 2011, Petróleo Brasileiro S.A.

– Petrobras provides clarification about news released today concerning concession areas BM-ES-32 and BM-ES-23, located in Espírito Santo Basin.
 
Petrobras confirms the information about oil discoveries in block ES-M-594 (BM-ES-32), as disclosed to the market on December 16, 2010 and about discoveries in block ES-M-525 (BM-ES-23), as disclosed to the market on June 09 and 04, 2011.
 
The Company also informs that exploratory activities are taking place according to the commitments of each block, provided in the schedule agreed with the National Oil, Natural Gas and Biofuels Agency (ANP) and that new data which would support the announcement of estimated volume has not been obtained yet.
 
The information released in the media is mere speculation, with a high degree of uncertainty.

Any estimation of volume will depends on the result of the drilling activity and on tests to be executed in the region.
 
Petrobras is the operator of the consortium for the exploration of BM-ES-23 (65%), which is also comprised by Shell Brasil Petróleo Ltda (20%) and Inpex Petróleo Santos Ltda (15%) and is the operator of the consortium for the exploration of BM-ES-32 (60%), developed in partnership with Statoil (40%).
 
 
Sincerely,

Investor Relations.

 

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www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S.

A.

- PETROBRAS
Investor Relations Department I E-mail: /
Av.

República do Chile, 65 – 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that 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 forward-looking statements.

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.

 



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