| Petroleo Brasileiro S.A., Company Intelligence Report |
| Publication Date |
Jul 2012 |
| Publisher |
GlobalData |
| Product Type |
Report |
| Pages |
123 |
| Single User License |
$
1000.00 |
| Site User License |
$
2000.00 |
| Corporate User License |
$
3000.00 |
|
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Petroleo Brasileiro S.A., Company Intelligence Report
Summary
Petroleo Brasileiro S.A. (Petrobras) is an integrated oil and gas company involved in the exploration and production of crude oil and natural gas; refining and transportation of crude oil and natural gas; and manufacture of petroleum products and biofuels. The company’s operations are primarily located in Brazil; however, it operates in around 29 countries. Petrobras’s business is divided into four segments; upstream, downstream, distribution, and gas and power. The upstream segment of the company is engaged in exploration, development and production of crude oil, Natural Gas Liquids (NGL) and natural gas resources globally. Its major producing assets are located in Brazil, however, it also produces from Angola and Nigeria in Africa. The company’s upstream segment contributed around 50.8% of its total revenue in 2011. Its production and reserves were 898.9MMboe and 12,883.2MMboe respectively during 2011. The company’s production from Brazil is primarily contributed by major basins including Santos, Espírito Santo and Potiguar. Being one of the major contributors towards Petrobras’s total revenue, the company has strong growth plans to increase its upstream production. In line with this, the company plans to invest almost $127.5 billion in its upstream activities from its planned capital expenditure (capex) of $224.7 billion during 2011–2015.
Scope
- Key Highlights: This section provides detailed analysis on the company’s overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations.
- Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals.
- SWOT: The report’s SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market.
- Production and Development Overview: This section highlights the company’s crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the company’s producing and development assets.
- Exploration: This section includes detailed explanation and analysis on the company’s exploration assets resulted due to new discoveries, new drilling and other activities.
- M&A trends: This section mainly provides information and analysis on the company’s recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the company’s status as a buyer or seller during the analyzed period.
- Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method.
- Peer Group Analysis: This section compares the company’s performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters.
- Financial and Operational Metrics: This section covers the company’s historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc.
Reasons to buy
The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to -
- Provide detailed analysis to those who are interested in knowing the companies’ existing and future business strategies.
- Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
- Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
- Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Keywords
Valuation Report, NAV, Oil and gas valuation, Strategic Evaluation, Strategic and Operational Analysis, Forecasted financial Statements, SWOT, Capital expenditure, Market Scenario, Revenue, Financial Ratios, Production, Reserves, Peer Group Comparison, DCF, Outlook, Investment Thesis, Investment Summary, Petroleo Brasileiro S.A., Petrobras
1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 6
2 Petroleo Brasileiro S.A., Company Overview 9
3 Petroleo Brasileiro S.A., Key Highlights 14
3.1 Pre-Salt Discoveries to Pave Long Term Growth Potential for Petrobras 14
3.2 Maintaining an Even Capex for Refineries; Still Sticking to an Integrated Status 15
3.2.1 Complexo Petroquímico do Rio de Janeiro 16
3.2.2 Abreu e Lima (RNE) 16
3.2.3 Premium 1 Refinery 17
3.3 Increased Focus on Biofuels; Diversifying Operations to Ensure Growth 17
4 Petroleo Brasileiro S.A., SWOT Analysis 19
4.1 Strengths 19
4.1.1 Holding Expertise in Exploring Offshore Projects Efficiently; Further Improving its Technical Base 19
4.1.2 Consistent Growth in Reserves and Production 19
4.1.3 Comparatively High Reserve Life Index 21
4.1.4 Diversified Operations 21
4.2 Weaknesses 22
4.2.1 Relatively High Operational Cost Compared to Peer Group 22
4.2.2 Consistently Low Exploration Drilling Success Ratio 22
4.3 Opportunities 23
4.3.1 Pre-Salt Discoveries in Brazil will Offer Huge Potential 23
4.3.2 Increase in Refining Capacity 23
4.4 Threats 24
4.4.1 Dependence on External Funds 24
5 Petroleo Brasileiro S.A., Goals and Strategies 25
5.1 Accelerating Production Volumes; New Techniques Playing an Important Role 25
5.2 Growing Investment in Research and Development 25
5.3 Expansion of Refining Capacity 25
6 Petroleo Brasileiro S.A., Production Overview 27
6.1 Production Profile 27
6.2 Brazil 29
6.2.1 Campos Basin 29
6.2.2 Santos Basin 30
6.2.3 Espirito Santos Basin 30
6.3 International 30
6.3.1 South America 30
6.3.2 North America 30
6.3.3 Africa 30
7 Petroleo Brasileiro S.A., Exploration Overview 31
7.1 Brazil 31
7.2 International 32
7.2.1 South America 32
7.2.2 Africa 32
7.2.3 Middle East 32
7.2.4 Asia 32
8 Petroleo Brasileiro S.A., Development Overview 34
8.1 Brazil 34
8.1.1 Santos Basin Pre-Salt- Development 34
8.1.2 Campos Basin Pre-Salt Development 35
9 Petroleo Brasileiro S.A., Capital Expenditure 37
9.1 Costs Incurred 38
10 Petroleo Brasileiro S.A., Acreage 39
11 Petroleo Brasileiro S.A., M&A Activity 41
12 Petroleo Brasileiro S.A., Refining, Transportation and Marketing Updates 43
13 Petroleo Brasileiro S.A., Distribution Updates 44
14 Petroleo Brasileiro S.A., Gas and Power Updates 45
15 Petroleo Brasileiro S.A., Forecast Production and Financial Statements 46
15.1 Income Statement (2009–2016) 48
15.2 Balance Sheet (2009–2016) 49
15.3 Cash Flow Statement (2009–2016) 50
15.4 Financial Ratios 51
16 Petroleo Brasileiro S.A., Valuation 54
16.1 Net Asset Value 54
17 Petroleo Brasileiro S.A., Peer Comparison 57
17.1 Share Price Performance 57
17.2 Operational and Financial Performance 58
17.3 Key Financial and Operational Ratio 61
18 Petrobras, Detailed Financial and Operational Metrics 62
18.1 Petroleo Brasileiro S.A., Production and Reserves Trends 62
18.1.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2007-2011 62
18.1.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2007-2011 63
18.1.3 Total Crude Oil and Natural Gas Reserve Changes, 2007-2011 65
18.2 Petroleo Brasileiro S.A., Crude Oil/Liquids Production and Reserve 66
18.2.1 Crude Oil/Liquids Production and Reserve Trend, 2007-2011 66
18.2.2 Crude Oil Production and Reserves By Country/Region, 2007-2011 67
18.2.3 Crude Oil/Liquids Reserve Changes, 2007-2011 69
18.3 Petroleo Brasileiro S.A., Natural Gas Production and Reserve 70
18.3.1 Natural Gas Production and Reserve Trend, 2007-2011 70
18.3.2 Natural Gas Production and Reserves, By Country/Region, 2007-2011 71
18.3.3 Natural Gas Reserve Changes, 2007-2011 73
18.4 Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas Reserves Life Index 74
18.4.1 Total Crude Oil and Natural Gas Reserves Life Index, 2007-2011 74
18.4.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2007-2011 75
18.5 Petroleo Brasileiro S.A., E&P Costs Trends 78
18.5.1 Upstream Capital Expenditure, 2007-2011 78
18.5.2 Acquisition Costs By Country/Region, 2007-2011 79
18.5.3 Exploration and Development Costs, By Country/Region, 2007-2011 81
18.6 Petroleo Brasileiro S.A., Oil and Gas Cost Per boe, $/boe 83
18.6.1 Oil and Gas Cost Per boe, $/boe, 2007-2011 83
18.6.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2007-2011 85
18.7 Petroleo Brasileiro S.A., Reserve Replacement Ratio 88
18.7.1 Oil and Gas Production Replacement Ratio, 2007-2011 88
18.7.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2007-2011 90
18.8 Petroleo Brasileiro S.A., Results of Oil & Gas Operations Trend 95
18.8.1 Oil and Gas Revenue and Expenses, 2007-2011 95
18.8.2 Oil and Gas Revenue and Expenses, By Country/Region, 2007-2011 96
18.9 Petroleo Brasileiro S.A., Oil and Gas Revenue and Expenses, Per boe 102
18.9.1 Oil and Gas Revenue and Expenses, By boe, 2007-2011 102
18.9.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2007-2011 103
18.10 Petroleo Brasileiro S.A., Oil and Gas Performance Metrics 108
18.11 Petroleo Brasileiro S.A., Land Holdings and Well Data 109
18.11.1 Gross and Net Developed and Undeveloped Acreage, 2007-2011 109
18.11.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2007-2011 110
18.12 Petroleo Brasileiro S.A., Well Statistics 113
18.12.1 Producible Oil and Gas Well, 2007-2011 113
18.12.2 Producible Oil and Gas Well, By Country/Region, 2007-2011 114
18.12.3 Exploration and Development Wells Drilled, 2007-2011 119
18.12.4 Exploration and Development Wells Drilled, By Country/Region, 2007-2011 120
19 Appendix 122
19.1 Abbreviations 122
19.2 Methodology 122
19.2.1 Coverage 122
19.2.2 Secondary Research 123
19.2.3 Primary Research 123
19.3 Contact Us 123
19.4 Disclaimer 123
List of Tables1.1 List of Tables
Table 1: Petroleo Brasileiro S.A., Key Events, 2011–2012 13
Table 2: Petroleo Brasileiro S.A., Total Production by Geography, MMboe, 2008–2016 28
Table 3: Petroleo Brasileiro S.A., Exploration Projects, 2011 32
Table 4: Petroleo Brasileiro S.A., Development Projects, 2012–2015 36
Table 5: Petroleo Brasileiro S.A., Capital Expenditure Classification, $m, 2009–2011 37
Table 6: Petroleo Brasileiro S.A., Costs Incurred ($m), 2009–2011 38
Table 7: Petroleo Brasileiro S.A., Recent Transactions as a Buyer, 2011–2012 41
Table 8: Petroleo Brasileiro S.A., Recent Transactions as a Seller, 2011–2012 41
Table 9: Petroleo Brasileiro S.A., Historic and Forecast Production, 2009–2016 46
Table 10: GlobalData, Price Forecasts, 2012–2016 46
Table 11: Petroleo Brasileiro S.A., Income Statement ($m), 2009–2016 48
Table 12: Petroleo Brasileiro S.A., Balance Sheet ($m), 2009–2016 49
Table 13: Petroleo Brasileiro S.A., Cash Flow Statement ($m), 2009–2016 50
Table 14: Petroleo Brasileiro S.A., Profitability Ratios, 2009–2016 51
Table 15: Petroleo Brasileiro S.A., Other Financial Ratios, 2009–2016 52
Table 16: Petroleo Brasileiro S.A., Capital Market Ratios, 2010–2012 53
Table 17: Petroleo Brasileiro S.A., Net Asset Value, 2012 55
Table 18: Petroleo Brasileiro S.A., NPV of Natural Gas Reserves, 2012 55
Table 19: Petroleo Brasileiro S.A., NPV of Oil/NGL Reserves, 2012 56
Table 20: Petroleo Brasileiro S.A., NPV OF Total Oil and Natural Gas Reserves , 2012 56
Table 21: Petroleo Brasileiro S.A., Sensitivity Analysis on Fair Value, 2012 56
Table 22: Petroleo Brasileiro S.A. Vs. Peer Group, Operational and Financial Performance, 2011 58
Table 23: Petroleo Brasileiro S.A. and its Peer Group Comparison, Financial Ratios, 2011 61
Table 24: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2007-2011 62
Table 25: Petroleo Brasileiro S.A., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2007-2011 64
Table 26: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2007-2011 65
Table 27: Petroleo Brasileiro S.A., Crude Oil Production and Reserves Metrics, MMbbl, 2007-2011 66
Table 28: Petroleo Brasileiro S.A., Crude Oil Production and Reserves, By Country/Region, MMbbl, 2007-2011 68
Table 29: Petroleo Brasileiro S.A., Crude Oil Reserve Changes, MMbbl, 2007-2011 69
Table 30: Petroleo Brasileiro S.A., Natural Gas Production and Reserves Metrics, Bcf, 2007-2011 70
Table 31: Petroleo Brasileiro S.A., Natural Gas Production and Reserves, By Country/Region, Bcf, 2007-2011 72
Table 32: Petroleo Brasileiro S.A., Natural Gas Reserve Changes, Bcf, 2007-2011 73
Table 33: Petroleo Brasileiro S.A., Oil and Gas Reserves Life Index, Years, 2007-2011 74
Table 34: Petroleo Brasileiro S.A., Oil and Gas Reserves Life Index, By Country/Region, Years, 2007-2011 77
Table 35: Petroleo Brasileiro S.A., Upstream Capital Expenditure, $m, 2007-2011 78
Table 36: Petroleo Brasileiro S.A., Proved and Unproved Acquisition Costs, By Country/Region, $m, 2007-2011 80
Table 37: Petroleo Brasileiro S.A., Exploration and Development Costs, By Country/Region, $m, 2007-2011 82
Table 38: Petroleo Brasileiro S.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2007-2011 84
Table 39: Petroleo Brasileiro S.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2007-2011 87
Table 40: Petroleo Brasileiro S.A., Oil and Gas Production Replacement Ratio, %, 2007-2011 88
Table 41: Petroleo Brasileiro S.A., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2007-2011 93
Table 42: Petroleo Brasileiro S.A., Revenue and Expenses, $m, 2007-2011 95
Table 43: Petroleo Brasileiro S.A., Revenue and Expenses, By Country/Region, $m, 2007-2011 100
Table 44: Petroleo Brasileiro S.A., Oil and Gas Revenue and Expenses, $/boe, 2007-2011 102
Table 45: Petroleo Brasileiro S.A., Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2007-2011 106
Table 46: Petroleo Brasileiro S.A., Oil and Gas Performance Metrics, 2007-2011 108
Table 47: Petroleo Brasileiro S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2007-2011 109
Table 48: Petroleo Brasileiro S.A., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2007-2011 112
Table 49: Petroleo Brasileiro S.A., Producible Oil and Gas Wells, 2007-2011 113
Table 50: Petroleo Brasileiro S.A., Producible Oil and Gas Wells, By Country/Region, 2007-2011 117
Table 51: Petroleo Brasileiro S.A., Exploratory and Developed Wells, 2007-2011 119
Table 52: Petroleo Brasileiro S.A., Exploratory and Developed Wells, By Country/Region, 2007-2011 120
List of Figures1.2 List of Figures
Figure 1: Petroleo Brasileiro S.A., Operational Overview, 2012 9
Figure 2: Petroleo Brasileiro S.A., Revenue and Earning by Segment, 2011 10
Figure 3: Petroleo Brasileiro S.A., Performance Charts, 2008–2011 11
Figure 4: Petroleo Brasileiro S.A., Share Price Performance, July 2011–July 2012 12
Figure 5: Petroleo Brasileiro S.A., Oil and Gas Production, Mboe/d, 2008–2020 14
Figure 6: Petroleo Brasileiro S.A., Capital Expenditure, $m, 2006–2011 15
Figure 7: Petroleo Brasileiro S.A., Oil Products Demand and Refining Capacity, Brazil, Mbbl/d, 2009–2020 16
Figure 8: Petroleo Brasileiro S.A., Onshore and Offshore Production Mix, Brazil, MMboe, 2009–2011 19
Figure 9: Petroleo Brasileiro S.A., Reserves and Production, MMboe, 2008–2011 20
Figure 10: Petroleo Brasileiro S.A., Reserve Life Index In Comparison with Peer Group (Years), 2008–2011 21
Figure 11: Petroleo Brasileiro S.A., Finding and Development Cost per boe and Exploration Cost per boe, Five-Year Average ($/boe), 2008–2011 22
Figure 12: Petroleo Brasileiro S.A., Exploration Drilling Success Ratio (%), 2008–2011 23
Figure 13: Petroleo Brasileiro S.A., Comparison of Capital Expenditure with Cash Flow from Operations, $m, 2007–2011 24
Figure 14: Petroleo Brasileiro S.A., Total Production Classification by Geography, MMboe, 2008–2016 27
Figure 15: Petroleo Brasileiro S.A., Total Production Mix, MMboe, 2008–2016 28
Figure 16: Petroleo Brasileiro S.A., Brazil Operational Map, 2012 29
Figure 17: Petroleo Brasileiro S.A., Comparison of Exploration Cost and Reserve Addition, 2008–2011 31
Figure 18: Petroleo Brasileiro S.A., Development Costs, ($m), 2008–2011 34
Figure 19: Petroleo Brasileiro S.A., Capital Expenditure Classification, $m, 2009–2011 37
Figure 20: Petroleo Brasileiro S.A., Costs Incurred ($m), 2009–2011 38
Figure 21: Petroleo Brasileiro S.A. Versus Peers Total Net Acreage Comparison, (Million Acres), 2011 39
Figure 22: Petroleo Brasileiro S.A., Net Developed and Undeveloped Acreages, 2008–2011 40
Figure 23: Petroleo Brasileiro S.A., Refining, Transportation and Marketing Segment, Revenue, Earning and Segment Revenue as Percentage of Total Revenue, 2009–2011 43
Figure 24: Petroleo Brasileiro S.A., Distribution Segment, Revenue, Earning and Segment Revenue as Percentage of Total Revenue, 2007–2010 44
Figure 25: Petroleo Brasileiro S.A. and its Peers, Relative Share Price Performance Index, June 2011–June 2012 57
Figure 26: Petroleo Brasileiro S.A., F&D costs and Reserve Replacement Additions, 2011 59
Figure 27: Petroleo Brasileiro S.A., Operational and Financial Parameters in $/boe, 2011 59
Figure 28: Petroleo Brasileiro S.A., Total Reserves, MMboe, 2011 60
Figure 29: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2007-2011 62
Figure 30: Petroleo Brasileiro S.A., Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2007-2011 63
Figure 31: Petroleo Brasileiro S.A., Total Oil & Gas Production, By Country/Region, MMboe, 2007-2011 63
Figure 32: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2011 65
Figure 33: Petroleo Brasileiro S.A., Crude Oil Production and Reserves Metrics, MMbbl, 2007-2011 66
Figure 34: Petroleo Brasileiro S.A., Oil Reserves, End of Period, By Country/Region, MMbbl, 2007-2011 67
Figure 35: Petroleo Brasileiro S.A., Oil Production, By Country/Region, MMbbl, 2007-2011 67
Figure 36: Petroleo Brasileiro S.A., Crude Oil Reserve Changes, MMbbl, 2011 69
Figure 37: Petroleo Brasileiro S.A., Natural Gas Production and Reserves Metrics, Bcf, 2007-2011 70
Figure 38: Petroleo Brasileiro S.A., Gas Reserves, End of Period, By Country/Region, Bcf, 2007-2011 71
Figure 39: Petroleo Brasileiro S.A., Gas Production, By Country/Region, Bcf, 2007-2011 71
Figure 40: Petroleo Brasileiro S.A., Natural Gas Reserve Changes, Bcf, 2011 73
Figure 41: Petroleo Brasileiro S.A., Oil and Gas Reserves Life Index, Years, 2007-2011 74
Figure 42: Petroleo Brasileiro S.A., Gas Reserve Life Index, By Country/Region, Years, 2007-2011 75
Figure 43: Petroleo Brasileiro S.A., Oil & Gas Reserve Life Index, By Country/Region, Years, 2007-2011 75
Figure 44: Petroleo Brasileiro S.A., Oil Reserve Life Index, By Country/Region, Years, 2007-2011 76
Figure 45: Petroleo Brasileiro S.A., Upstream Capital Expenditure, $m, 2007-2011 78
Figure 46: Petroleo Brasileiro S.A., Proved Acquisition Costs, By Country/Region, $m, 2007-2011 79
Figure 47: Petroleo Brasileiro S.A., Unproved Acquisition Costs, By Country/Region, $m, 2007-2011 79
Figure 48: Petroleo Brasileiro S.A., Development Costs, By Country/Region, $m, 2007-2011 81
Figure 49: Petroleo Brasileiro S.A., Exploration Costs, By Country/Region, $m, 2007-2011 81
Figure 50: Petroleo Brasileiro S.A., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2007-2011 83
Figure 51: Petroleo Brasileiro S.A., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2007-2011 85
Figure 52: Petroleo Brasileiro S.A., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2007-2011 85
Figure 53: Petroleo Brasileiro S.A., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2007-2011 86
Figure 54: Petroleo Brasileiro S.A., Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, $/boe, 2007-2011 86
Figure 55: Petroleo Brasileiro S.A., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2007-2011 88
Figure 56: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2007-2011 90
Figure 57: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2007-2011 90
Figure 58: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2007-2011 91
Figure 59: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2007-2011 91
Figure 60: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2007-2011 92
Figure 61: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2007-2011 92
Figure 62: Petroleo Brasileiro S.A., Revenue and Expenses, $m, 2007-2011 95
Figure 63: Petroleo Brasileiro S.A., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 96
Figure 64: Petroleo Brasileiro S.A., Exploration Expenses, By Country/Region, $m, 2007-2011 96
Figure 65: Petroleo Brasileiro S.A., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 97
Figure 66: Petroleo Brasileiro S.A., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 97
Figure 67: Petroleo Brasileiro S.A., Oil & Gas Revenue, By Country/Region, $m, 2007-2011 98
Figure 68: Petroleo Brasileiro S.A., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 98
Figure 69: Petroleo Brasileiro S.A., Production Costs, By Country/Region, $m, 2007-2011 99
Figure 70: Petroleo Brasileiro S.A., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 99
Figure 71: Petroleo Brasileiro S.A., Oil and Gas Revenue and Expenses, $/boe, 2007-2011 102
Figure 72: Petroleo Brasileiro S.A., Exploration Expenses per boe, By Country/Region, $/boe, 2007-2011 103
Figure 73: Petroleo Brasileiro S.A., Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2007-2011 103
Figure 74: Petroleo Brasileiro S.A., Lifting Cost per boe, By Country/Region, $/boe, 2007-2011 104
Figure 75: Petroleo Brasileiro S.A., Annual Net Income per boe, By Country/Region, $/boe, 2007-2011 104
Figure 76: Petroleo Brasileiro S.A., Oil & Gas Revenue per boe, By Country/Region, $/boe, 2007-2011 105
Figure 77: Petroleo Brasileiro S.A., Total DD&A per boe, By Country/Region, $/boe, 2007-2011 105
Figure 78: Petroleo Brasileiro S.A., Total Revenue per boe, By Country/Region, $/boe, 2007-2011 106
Figure 79: Petroleo Brasileiro S.A., Oil and Gas Performance Metrics, 2007-2011 108
Figure 80: Petroleo Brasileiro S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2007-2011 109
Figure 81: Petroleo Brasileiro S.A., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2007-2011 110
Figure 82: Petroleo Brasileiro S.A., Total Net Undeveloped Acreage, By Country/Region, Acres, 2007-2011 110
Figure 83: Petroleo Brasileiro S.A., Total Gross Developed Acreage, By Country/Region, Acres, 2007-2011 111
Figure 84: Petroleo Brasileiro S.A., Total Net Developed Acreage, By Country/Region, Acres, 2007-2011 111
Figure 85: Petroleo Brasileiro S.A., Producible Oil and Gas Wells, 2007-2011 113
Figure 86: Petroleo Brasileiro S.A., Gross Productive Gas Wells, By Country/Region, Number, 2007-2011 114
Figure 87: Petroleo Brasileiro S.A., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2007-2011 114
Figure 88: Petroleo Brasileiro S.A., Gross Productive Oil Wells, By Country/Region, Number, 2007-2011 115
Figure 89: Petroleo Brasileiro S.A., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2007-2011 115
Figure 90: Petroleo Brasileiro S.A., Net Productive Gas Wells, By Country/Region, Number, 2007-2011 116
Figure 91: Petroleo Brasileiro S.A., Net Productive Oil & Gas Wells, By Country/Region, Number, 2007-2011 116
Figure 92: Petroleo Brasileiro S.A., Net Productive Oil Wells, By Country/Region, Number, 2007-2011 117
Figure 93: Petroleo Brasileiro S.A., Exploratory and Developed Wells, 2007-2011 119
| Title |
Date |
Price |
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Jan 2012 |
$250.00 |
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Jan 2012 |
$250.00 |
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Jan 2012 |
$250.00 |
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Jan 2012 |
$250.00 |
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Apr 2012 |
$250.00 |
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Apr 2012 |
$250.00 |
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Jan 2012 |
$250.00 |
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Jan 2012 |
$250.00 |
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Jan 2012 |
$250.00 |
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Aug 2011 |
$125.00 |
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