André Cordeiro

Petrobras/ Cenpes

2

The implementation of

Technological Strategy

__

3

The Technological challenge

__

Maintain the technological system

recognized for offering technologies

that contribute to the sustainable

growth of the Company

People

Technological Strategy

__

4

Processes

Investments InfrastructureTechnology and Innovation

Petrobras workforce

__More than

86,000employees

People

Petrobras Research Center (August 2014)

__

Cenpes

workforce

30661136

outsorced

1930employees

Employees: 1930

1432R&D

319Engineering

179Support

People

Petrobras Research Center (August 2014)

__

People

Petrobras Research Center (August 2014)

__

Technician

college

587

1343

Degree

professional

Masters (456)

Graduates(646)

PhD (241)

143Consultants

117Consultants

seniores

15Consultants

masters

1973

2010

9

Infrastructure

Petrobras Research Center

__

Total area - 308 thousands m2

227 laboratories

More than 8 thousand equipments

5 semi-industrial experimental plants

throughout Brazil

Infrastructure

Our R&D facilities

__

Six – Refining

Technological Center

(São Mateus do Sul)

Fortaleza Experimental

nucleus (CE)

Aracaju Experimental

nucleus (Aracaju – SE)

Taquipe Experimental

nucleus (BA)

Cenpes

(Rio de Janeiro – RJ)

Miranga Experimental

nucleus (BA)

11

Investment

Resources for technological development

—2011-13

Average:

US$ 1,243

million

US$

million

2001-03

Average:

US$ 160

million

8X

US$ 6.5 billion

12

Investment

Resources for technological development 2014 - 2018

—

60%

22% 2%

3%

12%

1%

E&P

Downstream

Gas and Energy

Biofuels

Engineering, Technology and Materials

Other areas*

UFSC

UEM

UFPA

UFRN

UFS

Processes

Thematic Networks Relationship with R&D Institutions

__

More than 100 universities and research

institutions

49 Thematic Networks

More than 200 laboratories built since 2009

More than 8000 researchers involved in

projects of Petrobras

13

Technological Focus Organized by business segment

__

New frontiers

Potential reserves of natural

gas

Well construction optimization

Pre-salt production

Offshore logistics

Production optimization of

mature fields

Subsea systems

Maximization of middle

distillates

Pre-salt oil refining

Optimization and integration

of logistics operations

Innovative productsBioproducts

Geological processes simulation

Maritime production systems

Mobility

Nanotechnology

New materials

Gas hydrates

Flow enhancement for

petrochemical

Construction and assembly

Productive processes optimization

Integrity, safety and reliability

CO2 and other emissions

Water

Impacted areas

Monetization of new potential of

natural gas

Energy supply and demand

integration and flexibility

Natural gas logistics

Cost reduction

Adding value to gas

Gas processing

14

15

Our Investments

__

Our Investments

__

Downstream

18%

Others

12%

E&P

70%

US$220.6 billion

between 2014 and 2018

Petrobras New Units

—

2014

Refap – Portfolio Diesel2 diesel hydrotreating units and 1 hydrogen generation unit

(Canoas)

Rio Grande do Sul

—

Rio Grande do Sul

—

2014

Thermoelectric Plant Sepé TiarajuIncreased nominal capacity of 161 MW to 248 MW(Canoas)

2016

FPSO P-67Project of FPSO Replicants

Rio Grande Shipyard (Rio Grande)(Lula Norte Field – Santos Basin)

2016

FPSO P-74EBR Shipyard (São José do Norte)(Franco 1 Field – Santos Basin)

2016

FPSO P-75Honório Bicalho Shipyard (Rio Grande)(Franco SW Field – Santos Basin)

2017

FPSO P-77Honório Bicalho Shipyard (Rio Grande)(Franco NW Field – Santos Basin)

Santa Catarina

—

8 modules of Fuel Gas and Gas Dehydration and

16 modules of Generation Project of FPSO Replicants

DM TKK Construction (Itajaí)

Paraná

—

Construction of ModulesOffshore Unit TECHINT (Pontal do Sul)

2017

FPSO P-76Offshore Unit TECHINT (Pontal do Sul)(Buzios III Field – Santos Basin)

2014

Fertilizer Plant (UFN III)Capacity 761 thousand ton/year of ammonia and 1223 ton/year of urea(Três Lagoas)

Mato Grosso do Sul

—

Amazonas

—

2017

UTE-AzulãoConverts the gas into electricity energy(Azulão Field)

Maranhão

—

2018

Premium I RefineryProcess 300 thousand bpd(Bacabeira)

Rio Grande do Norte

—

2016

Gasfor IIGas pipeline Guamaré – Pecém II(Guamaré )

Pernambuco

—

2015

Abreu e Lima Refinery (RNEST)Capacity – 230 thousand bpd(Ipojuca)

Construction of drilling vesselsAtlântico Sul Shipyard (Ipojuca)

Alagoas

—

Construction of ModulesProject of FPSO Replicants

Tomé / Ferrostaal Shipyard (Maceió)

2014

Ammonium Sulfate UnitNitrogen Fertilizer Plant

Petrobras first plant of ammonium sulfate(Laranjeiras)

Sergipe

—

2017

Camaçari Industrial ComplexUTE-Muricy II and Pecem II

Installed capacity of each - 140MWh(Camaçari)

Bahia

—

Construction of drilling vesselsEnseada do Paraguaçu Shipyard (Maragogipe)

Espírito Santo

—

2017

FPSO P-68Project of FPSO Replicants

Jurong Shipyard (Aracruz)(Lula Sul Field – Santos Basin)

2016

Fertilizer Plants José AlencarProduction of 519 thousand tons/year of ammonia(Uberaba)

Minas Gerais

—

2014

RPBC – Portfolio Diesel6 units of chemical processing to produce diesel S-10(Cubatão)

São Paulo

—

2014

São Bernardo do Campo Gas pipelineSantos – São Paulo II(São Bernardo do Campo)

2014

Gas Treatment Unit – Caraguatatuba(Caraguatatuba)

Rio de Janeiro

—

2014

Ilha Comprida Terminal Storage and disposal of 4,080 tons of LPG per day(Baía de Guanabara - RJ)

2014

Baixada Fluminense Thermoelectric PlantInstalled capacity - 530MW(Seropédica)

2015

FPSO Cidade de ItaguaíBrasfels Shipyard (Angra dos Reis)

(Iracema Norte Field - Santos Basin)

2016

FPSO Cidade de SaquaremaBrasa Shipyard (Niterói)

(Lula Central Field - Santos Basin)

2016

FPSO Cidade de MaricáBrasa Shipyard (Niterói)

(Lula Alto Field - Santos Basin)

2016

Petrochemical Complex of RJ – ComperjArea of 45 km2

(Itaboraí)

2016

Processing unit of natural gas – TecabExtends the capability of processing natural gas and condensate(Macaé)

2017

Maricá-Comperj Gas Pipeline (Itaboraí)

2016 and 2017

P-67 and P-70Project of FPSO Replicants

Construction of modules and integration

Porto do Açu (São João da Barra)

Pre-salt

—

Pre-salt

—

2013

FPSO Cidade de São Paulo120 thousand bpd of oil and 5 MM m3/d of gas(Sapinhoá Field – Santos Basin)

2013

FPSO Cidade de Niterói100 thousand bpd of oil and 3,5 MM m3/d of gas(Marlim Leste Field – Campos Basin)

2013

P-55180 thousand bpd of oil and 4 MM m3/d of gas(Roncador Field – Santos Basin)

2013

FPSO P-63140 thousand bpd of oil and 1 MM m3/d of gas(Papa-Terra Field – Campos Basin)

2013

FPSO P-58180 thousand bpd of oil and 6 MM m3/d of gas(North of Parque das Baleias – Campos Field)

2013

P-61(Papa-Terra Field – Campos Basin)

2013

FPSO Cidade de Paraty120 thousand bpd of oil and 5 MM m3/d of gas(Lula Nordeste Field –Santos Basin)

2013

FPSO Cidade de Itajaí80 thousand bpd of oil and 2 MM m3/d of gas(Baúna Field – Santos Basin)

2013

P-62180 thousand bpd of oil and 6 MM m3/d of gas(Roncador Field – Campos Basin)

2014

FPSO Cidade de Mangaratiba150 thousand bpd of oil and 8 MM m3/d of gas(Iracema Sul Field – Santos Basin)

2014

FPSO Cidade de Ilhabela150 thousand bpd of oil and 6 MM m3/d of gas(Sapinhoá Norte Field – Santos Basin)

Our investments will move us beyond

Seek the monetization of natural gas reserves

Production capacity of nitrogen fertilizers

2020

169%

Natural gas consumption by distributors 33%

Capacity of thermal generation 20%

We produce gasoline, diesel and other derivatives

Average quantity processed

2014

2,1million bpd

2020

3,3million bpd

Our oil production is rising

1.93

3.2

4.2

MMbpd

MMbpd

MMbpd

Technological Park in Rio de Janeiro—

CENPES

TO BE INSTALLEDTECHNOLOGICAL CENTERS INSTALLED

THANK YOU!

André CordeiroPetrobras / Cenpes