Petrobras informs that the Ordinary General Meeting of its subsidiary Petrobras Distribuidora S.A. – BR approved the election of the following members of its Board of Directors:
Petrobras informs that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2015 (the “2015 Annual Report”). The Form 20F is a U.S. Securities and Exchange Commission (SEC) reporting requirement.
Petrobras informs that it will release its 1st quarter 2016 results on May 12nd,after the market is closed.
Petrobras declares that the new injunction granted by the Rio Federal Court has not suspended the sale of 49% of the Company’s interest in Gaspetro, but determined that the buyer may not dispose of the shares acquired.
The modernization works of the refineries Paulínea (Replan) and Gabriel Passos (Regap) and the implementation of Comperj, mentioned in the Federal Police report, were subject to Internal Investigation Commissions installed by Petrobras to investigate possible irregularities in the procurement of goods and services. The final reports of these Commissions showed non-compliance and were submitted to the applicable authorities for further investigation.
Petrobras hereby announces that its oil and natural gas production in March amounted to 2.55 million barrels of oil equivalent per day (boed), of which 2.36 million boe were produced in Brazil and 183,000 boed abroad.
Petrobras and its Board of Directors have continuously monitored the development of the 2015-2019 Business and Management Plan, in order to ensure its adherence to internal and external variables, which resulted in the adjustments made to the 2015-2019 BMP on 10/05/2015 and 01/12/2016. Those revisions reduced the investments estimate by more than US$ 30 billion, with revaluation of the portfolio, which resulted in reducing oil production forecast in Brazil to 2.7 million bpd in 2020.
Petrobras hereby announces that its average oil and natural gas production amounted to 2.48 million barrels of oil equivalent per day (boed) in Brazil, remaining in line with January (2.47 million boed), and 178,000 boed abroad, totaling 2.65 million boed.
Petrobras, with respect to negotiations for the sale of its equity interest in Petrobras Argentina, disclosed by Material Fact in 03/02/2016, informs that the negotiations with Pampa Energia continue, having been extended the period of exclusivity for completion of negotiations for another 30 days.
Petrobras clarifies that periodically conducts analysis of the economic performance of its projects. The results are consolidated in a corporate document entitled Post-Technical and Economic Feasibility Study (Post-EVTE), which details the integrated economic impact of the Company’s projects, using well-defined assumptions and methodological guidelines.