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Petrobras declares proved reserves in 2008


Published Jan 16, 2009
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Petrobras - platform P-53

Petrobras declares its proved reserves of oil, condensate and natural gas in Brazil and abroad in 2008, according to the Society of Petroleum Engineers – SPE and Securities and Exchange Commission – SEC criteria.

The pre-salt discoveries in the Santos Basin are still under evaluation and are not being considered for the calculation of the proved reserves according to both criteria.

On December 31st, 2008, the proved reserves of oil, condensate and natural gas in the fields under concession of Petrobras in Brazil amounted to 14,093 billion barrels of oil equivalent (boe), representing an increase of 1.2% in relation to 2007.

Tags: Petrobras



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