The document outlines Petrobras' production curve and capital expenditures from 2012-2020, and how this will influence Brazil's naval and offshore industry. It projects oil production in Brazil to increase from 2,022 kbpd in 2012 to 4,200 kbpd in 2020 through developing 38 new production units. It also plans to increase the drilling rig fleet from 25 in 2016 to 50 in 2020 to enable exploration and production activities. These investments totaling $236.5 billion over the period will promote growth in Brazil's naval and offshore sector through expanding offshore oil and gas infrastructure and operations.

1. Petrobras 2012-2020 Production Curve and The
Naval and Offshore Industry in Brazil
20/09/12

2. Fundamentals of Business and Management Plan 2012-2016
PRIORITY
CAPITAL
DISCIPLINE • Priority
PERFORMANCE
given to
exploration
• S’ Curves and
• Management • To ensure production
Integrated Portfolio focused in expansion projects of oil
Management of the accomplishing with solid and natural
Company physical and financial gas in Brazil
financial targets indicators
of each project • Realism in
production
targets
2012 2016
2

3. Business and Management Plan 2012-2016: US$ 236.5 Billion
E&P Downstream Gas & Power International Distribution Biofuels
US$ 131.6 billion US$ 71.6 billion US$ 13.5 billion US$ 10.7 billion US$ 3.3 billion US$ 2.5 billion
11% 12% 13% 11%
19% 16%
8% (1,5) (1,6)
(25,4)
(5,6)
17%
+ + =
44%
+ + +
43%
12% (31,2) (2,3) 21%
(16,3) 21%
68% (15,2)
42% 14%
(89,9) 3%
17% (5,7) (1,9) 90%
(12,1) (9,7) 21% 72%
E&P
Downstream
US$ 131.6 Bi
US$ 71.6 Bi
(30.3%)
(55.6%)
Others* US$ 3.3 bi (1.4%)
International US$ 10.7 bi (4.5%)
Distribution US$ 3.3 bi (1.4%)
í
Biofuels US$ 2.5 bi (1.1%)
G&P US$ 13.5 bi (5.7%) * Others: Departments of Engineering, Technology and Materials; Finance; Corporate Services and Presidency

4. Business and Management Plan 2012-2016 :
Investments Influence the Naval and Offshore Industry
E&P Downstream Gas & Power International Distribution Biofuels
US$ 131.6 billion US$ 71.6 billion US$ 13.5 billion US$ 10.7 billion US$ 3.3 billion US$ 2.5 billion
11% 12% 13% 11%
19% 16%
8% (1,5) (1,6)
(25,4)
(5,6)
17%
+ + =
44%
+ + +
43%
12% (31,2) (2,3) 21%
(16,3) 21%
68% (15,2)
42% 14%
(89,9) 3%
17% (5,7) (1,9) 90%
(12,1) (9,7) 21% 72%
E&P
Downstream
US$ 131.6 Bi
US$ 71.6 Bi
(30.3%)
(55.6%)
Others* US$ 3.3 bi (1.4%)
International US$ 10.7 bi (4.5%)
Distribution US$ 3.3 bi (1.4%)
í
Biofuels US$ 2.5 bi (1.1%)
G&P US$ 13.5 bi (5.7%) * Others: Departments of Engineering, Technology and Materials; Finance; Corporate Services and Presidency

5. Investments in Brazil Promote the Naval and Offshore Industry
Exploration & Production Downstream
US$ 131.5 billion US$ 71.6 billion
3.5 1.0
25.4 2.9 (5%) (1%)
(19%) (4%)
5.6
(8%)
31.2
(44%)
US$
16.3
(12%) 15.2 118.2 bi
(21%)
89.9
(68%)
12.1
(17%)
Refining Capacity Expansion Fleet Expansion
Production Development Operational Improvement Petrochemical
Exploration Quality and Conversion Biofuels
Infrastructure and Support Logistics for Oil
Downstream includes projects under Implementation and Evaluation

6. Petrobras Today:
Proved Reserves + Potential Recoverable Volumes: 31.5 bi boe
Petrobras’ Proved Reserves : 15.7 bi boe
Potential Growth: + 15.8 bi boe
Million boe
35.000
35,000 Potential
Growth
Concession – Potential 10.8 bi
30.000
30,000 • 2005-2010: more than 50% of new discoveries around the world were in deep Recoverable Volumes boe
water, with Brazil representing 63% of these discoveries. (PFC Energy)
19%
25,000
25.000 • From 2005 to 2012 Petrobras declared 63 discoveries in pre-salt area and
49%
189 in other areas to ANP.
32%
20.000
20,000 Brasil Transfer of Rights 5.0 bi
• 2030: Brazil should present the highest growth production among the countries
Brasil boe
that are not members of OPEC. (PFC Energy)
15.71
15,000
15.000
Ultra-Deep Water 5.3 bi boe
(>1,500m)
10.000
10,000
7.9 bi boe
Deep Water (300-1,500m)
5.000
5,000
Shallow-Water (0-300m) 1.2 bi boe
Onshore 1.3 bi boe
0
1985
1965
1970
1975
1980
1990
1995
2000
2005
2010
2011
• Added Reserves in 2011 = 1.24 billion boe. • Pre-Salt Added Reserves: 1 billion boe. • Reserve/Production Ratio  19.2 year.

7. 38 Production Units: 2012 - 2020
Oil Production, Brazil: 2,022 – 4,200 kbpd
CO5
P-70 (Franco 4)
P-66 (Lula Ext. Sul)
(Lula High) CO6
P-71 (South of
P-67 (Iara Horst) Guará)
(Lula Central)
P-76 Júpiter
P-58 P-68
Oil and NGL Production Curve (kbpd)
(NE Tupi)
(Norte Pq. (Lula South) P-73 Maromba Espadarte III
Cid. São Baleias) Afretada (Carcará)
P-74 (Carimbé) Bonito CO9
Paulo Sul Pq.
P-62 (Franco 1) (Florim)
(Sapinhoá Aruanã Baleias CO8
(Roncador
Pilot) Z2 (Iara Surround)
mod. IV) P-72 CO7
Cid. Paraty (Carioca) 4.200
Cid. Ilhabela (Iara NW) (Franco 5) 4,200
(Lula NE P-69
(Sapinhoá P-77 Espadarte I
Pilot) (Lula North)
Cid. North) (Franco 3)
Anchieta P-61 e P-63 Z1 P-75
Cid.
(Baleia Azul) (Papa-Terra) Mangaratiba Iracema (Franco 2)
Cid. Itajaí P-55 (Iracema Norte
(Baúna e (Roncador South)
Piracaba) mod. III)
2,500
2.500
2.022
2,022 19 up to 2016
Production Units
Construction 38 up to 2020
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

8. 38 Production Units: 2012 - 2020
Oil Production, Brazil: 2,022 – 4,200 kbpd
CO5
P-70 (Franco 4)
P-66 (Lula Ext.
CO6
(Lula High) South)
(South of
P-67 P-71 Guará)
P-58 (Lula Central) (Iara Horst) Júpiter
(North P-68 P-76
Oil and NGL Production Curve (kbpd)
Cid. São P-73 Espa-
Paulo
Whales (Lula South) (NE Tupi) (Carcará)
Maromba
Park) darte III
(Sapinhoá P-74 Afretada Bonito
South CO9
Pilot) P-62 (Franco 1) (Carimbé) CO8
Whales (Florim)
(Roncador Aruanã (Iara
Cid. Z2 Park
mod. IV) Surround)
Paraty (Carioca) P-72 CO7
(Lula NE Cid. (Iara NW) 4.200
P-69 (Franco 5) 4,200
Pilot) Ilhabela
(Sapinhoá (Lula North) P-77 Espadarte I
Cid. P-61 North) (Franco 3)
P-75
Anchieta and P-63
Cid. Z1 (Franco 2)
(Baleia (Papa-
Azul) Terra) Mangara- Iracema
tiba North
Cid. Itajaí P-55 (Iracema
(Baúna e (Roncador South)
Piracaba) mod. III) 2.500
2,500
2.022
2,022 Production Units 19 up to 2016
Construction 38 up to 2020
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

9. 50 Drilling Rigs: 2012 - 2020
Pacific Mistral Mangaratiba
(PAD Iracema North)
Schahin Amazonia
Oil Production, Brazil: 2,022 – 4,200 kbpd (Florim)
(Iguape Drilling) Itaunas
Schahin Cerrado (Exploration)
(PAD Júpiter Interlagos
Northeast)
(Exploration)
Ocean Rig Mykonos Frade
(ADR LL Central) (Júpiter) Marambaia
Leblon (Iara
Etesco Takatsugu J
(Franco SW) Arpoador Camburi (Franco East) Surround)
P-59** (Lula North) (South of Portogalo Botinas
Oil and NGL Production Curve (kbpd)
(Peroá) Copacabana Guará) (Iara (Florim)
Ocean Rig (Franco NE) Pituba Surround) Comandatuba
Corcovado (Iara NW) Itapema (Exploration)
Urca Salinas
(Iracema High) (Iara NW) Sahy
(Franco East) Ipanema (Exploration)
Deepsea Metro II (Júpiter) Siri (Exploration)
(Farfan Bloco BM- Guarapari Boipeba
(Exploration)
SEAL-11) (NE of Tupi) Bracuhy (Exploration)
Schaihn Sertão Ondina (Carcará) Leme TBN 4*
(Roncador) (Iara Horst) Itaoca (Franco East) TBN 5* 4.200
4,200
Sevan Brasil (Iara NW)
(Sagitário) Cassino TBN3*
Odn Delba III (Lula North) Curumim
(PAD Trachemys – Grumari (Exploration)
Quelônio) (Carcará 1) TBN2*
P-60**
(Block BM-C-27) TBN1*
Drilling Ships (38)
Amaralina Star
Laguna Star
(CO South of Tupi)
Odn I - Norbe X (CO PAD Franco) 2.500
2,500
(CO PAD Franco) Semisubmersible (10)
2.022
2,022
Odn II - Norbe XI
(CO Florim) Drilling Rigs 25 up to 2016
Odn Tay IV Auto raising (2)
(RF of Albacora) Construction 50 up to 2020
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
* Under negotiation, to be confirmed in the contracts signature; ** P-59 and P-60 drilling rigs were constructed in Brazil

10. 50 Drilling Rigs: 2012 - 2020
Pacific Mistral Mangaratiba
(PAD Iracema North)
Schahin Amazonia
Oil Production, Brazil: 2,022 – 4,200 kbpd (Florim)
(Perfuration Iguape) Itaunas
Schahin Cerrado (Exploration)
(PAD Júpiter Interlagos
Northeast)
(Exploration)
Ocean Rig Mykonos
(ADR LL Central) Frade Marambaia
(Júpiter) Leblon (Around of
Oil and NGL Production Curve (kbpd)
Etesco Takatsugu J
(Franco SW) Arpoador Camburi (Franco East) Iara)
P-59** (Lula North) (South of Portogalo Botinas
(Peroá) Copacabana Guará) (Around of (Florim)
Ocean Rig (Franco NE) Pituba Iara) Comandatuba
Corcovado Itapema (Exploration)
Urca (Iara NW) Salinas
(Iracema High) (Iara NW) Sahy
(Franco East) Ipanema (Exploration)
Deepsea Metro II Siri (Exploration)
(Farfan Block BM- Guarapari (Júpiter) Boipeba
(Exploration)
SEAL-11) (NE of Tupi) Bracuhy (Exploration)
Schaihn Sertão Ondina Leme TBN 4*
(Carcará)
(Roncador) (Iara Horst) (Franco East) TBN 5* 4.200
4,200
Sevan Brasil Itaoca
(Sagitário) Cassino (Iara NW) TBN3*
Odn Delba III (Lula North) Curumim
(PAD Trachemys – Grumari (Exploration)
Quelônio) (Carcará 1)
P-60** TBN2*
(Block BM-C-27) TBN1*
Drilling Rigs (38)
Amaralina Star
Laguna Star
(CO South of Tupi)
Odn I - Norbe X (CO PAD Franco) 2.500
2,500
(CO PAD Franco) Semisubmersible (10)
2.022
2,022 Odn II - Norbe XI
(CO Florim) Drilling Rigs 25 up to 2016
Odn Tay IV Auto Raising (2)
(RF of Albacora) Construction 50 up to 2020
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
* Under negotiation, to be confirmed in the contracts signature; ** P-59 and P-60 drilling rigs were constructed in Brazil

11. 49 PROMEF’s Ships: 2012 - 2020
Suezmax DP
Oil Production, Brazil: 2,022 – 4,200 kbpd 4/4
Gaseiro 6/8 EAS
Suezmax 7/10 Promar Bunker 2/3
Suezmax 4/10
EAS Aframax 5/5 Superpesa
EAS Suezmax 9/10 EAS
Panamax 4/4 EAS Aframax DP
Panamax 1/4 Suezmax DP 1/3
EISA Mauá
EISA Mauá Produto 3/3 1/4 EAS
Gaseiro 3/8 EISA Mauá EAS
Aframax 1/5 Aframax DP
Panamax 2/4
Promar EAS Suezmax DP 2/3
EISA Mauá
Oil and NGL Production Curve (kbpd)
Gaseiro 7/8 2/4 EAS
Suezmax 8/10 Promar Produto 3/5 EAS
Suezmax 5/10 Bunker 3/3
EAS EISA Mauá
EAS Produto 1/5 Suezmax DP Superpesa
João Cândido 3/4 Aframax DP
(Suezmax 1/10) Produtos 1/3 EISA Mauá Produto 4/5
Zumbi dos Gaseiro 1/8 EAS 3/3
EAS EISA Mauá EISA Mauá Aframax 3/5
Palmares Promar Suezmax 10/10 Bunker 1/3 EAS
EAS
(Suezmax Gaseiros 4/8 EAS Superpesa
Sérgio
2/10) Panamax 3/4
Aframax 2/5 4.200
4,200
Buarque de Promar EAS Aframax 4/5
EAS EISA Mauá Gaseiro 8/8
Holnda EAS
(Product 2/4) Produtos 2/3 Promar Produto 5/5
EISA Mauá José Alencar Suezmax 6/10 EISA Mauá EISA Mauá
(Product 4/4) EAS Produto 2/5
Celso Furtado EISA Mauá Gaseiros 5/8 EISA Mauá
Rômulo
(Product 1/4) Gaseiro 2/8
Almeida Promar
EISA Mauá
(Product 3/4) Suezmax 3/10 Promar
EISA Mauá EAS
2.500
2,500
2.022
2,022 31 up to 2016
Ship Construction
49 up to 2020
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PROMEF: Modernization and Expansion of Transpetro’s Fleet Program

12. 49 PROMEF’s Ships: 2012 - 2020
Suezmax DP
Oil Production, Brazil: 2,022 – 4,200 kbpd 4/4
Gaseiro 6/8 EAS
Suezmax 7/10 Promar Bunker 2/3
Suezmax 4/10
EAS Aframax 5/5 Superpesa
EAS Suezmax 9/10 EAS
Panamax 4/4 EAS Aframax DP
Panamax 1/4 Suezmax DP 1/3
EISA Mauá
EISA Mauá Produto 3/3 1/4 EAS
EAS
Oil and NGL Production Curve (kbpd)
Gaseiro 3/8 EISA Mauá Aframax 1/5 Aframax DP
Panamax 2/4
Promar EAS Suezmax DP 2/3
EISA Mauá Gaseiro 7/8 2/4 EAS
Suezmax 8/10 Promar Produto 3/5 EAS
Suezmax 5/10 Bunker 3/3
EAS EISA Mauá
EAS Produto 1/5 Suezmax DP Superpesa
João Cândido 3/4 Aframax DP
(Suezmax 1/10) Produtos 1/3 EISA Mauá Produto 4/5
Zumbi dos Gaseiro 1/8 EAS 3/3
EAS EISA Mauá EISA Mauá Aframax 3/5
Palmares Promar Suezmax 10/10 Bunker 1/3 EAS
EAS
(Suezmax Gaseiros 4/8 EAS Superpesa
Sérgio
2/10) Panamax 3/4
Aframax 2/5 4.200
4,200
Buarque de Promar EAS Aframax 4/5
EAS EISA Mauá Gaseiro 8/8
Holnda EAS
(Product 2/4) Produtos 2/3 Promar Produto 5/5
EISA Mauá José Alencar Suezmax 6/10 EISA Mauá EISA Mauá
(Product 4/4) EAS Produto 2/5
Celso Furtado EISA Mauá Gaseiros 5/8 EISA Mauá
Rômulo
(Product 1/4) Gaseiro 2/8
Almeida Promar
EISA Mauá
(Product 3/4) Suezmax 3/10 Promar
EAS
EISA Mauá 2.500
2,500
2.022
2,022 31 up to 2016
Shipbuilding
49 up to 2020
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
PROMEF: Programa de Modernização e Expansão da Frota da Transpetro (Modernization and Expansion of the Transpetro Fleet

13. Main Shipyard and Construction Sites: Commercial Relations with Petrobras
Apoio
Atlântico Sul Shipyard – Ipojuca (PE)
Promar – Ipojuca (PE)
Tomé Engenharia/Ferrostaal (AL)
São Roque – São Roque do Paraguaçu (BA)
Enseada do Paraguaçu - Maragogipe (BA)
Jurong Aracruz - Aracruz (ES)
BrasFels Shipyard – Angra (RJ) OSX Shipyard – São João da Barra (RJ)
Superpesa – Niterói (RJ)
Nuclep Site – Itaguaí (RJ) Mauá – Niterói (RJ)
Brasa – Niterói (RJ)
Inhaúma – Rio de Janeiro (RJ) UTC Site – Niterói (RJ)
DM/TKK Engenharia - Itajaí (SC)
IESA – Charqueadas (RS)
Honório Bicalho - Rio Grande Port (RS)
Rio Grande 1 – ERG1 (RS)
Rio Grande 2 – ERG2 (RS)

14. Rio Grande Port – Honório Bicalho Shipyard - RS
Workforce Peak: 4,000 workers in May/13
• P-58 (LC: 63%) (Whales Park) – Construction of 3
modules and integration 4.200
• P-63 (LC: 65%) (Papa-Terra) – Construction of 7 modules
and integration P-58
P-63
2.500
2.022
Oil and NGL Production Curve (kbpd)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Honório Bicalho - Rio Grande Port (RS)

15. Honório Bicalho Shipyard - Rio Grande Port - RS
4.200
P-58
P-58
1
P-63
P-63
2.500
2.022
13
OilEmpregos Atuais:Curve (kbpd)
and NGL Production 3.000
12 6
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 7
5
8
2
3
4
11
9
10
14
View of the Honório Bicalho Shipyard (QUIP construction site), at Rio Grande Port – RS (09/03/12).
P-58: (1) Converted Hull in Singapure P-58 Modules: (2) M13 e M14 – Power Generation (LC: 71%); (3) M11- Equipments (LC:71%); (4) M05 – Oil Processing (LC:76%); (5) M10A – Sulfate
Removal (LC:76%); (6) M06 – Oil Processing (LC:76%); (7)–M09 –(03/09/12).
Vista Geral do Estaleiro Proto do Rio Grande RS Booster Compressor (lc:76%); P-63 Modules (Converted Hull in China, will arive in Brazil in Dec/12): (8) M60 – Compression;
(9) M52 – Sulfate Removal; (10) M12 – Modulee M14); (2) Módulo de remoção of high separation ; (12)(M52); Electrostatic Module ; (13) M51- Injection and treatment of water; Estaleiro
(1) Módulos de geração da P-58 (M13 of low separation ; (11) M11 - Module de sulfato da P-63 M13 – (3) Canteiro de São Roque; (4) Canteiro de obras do (14) F30 –
Tower flare.do Paraguaçu.full package with 65% of local content).
Enseada (LC: Contracted

16. Rio Grande Shipyard – ERG1 (RS): Pre-salt Hulls BM-S-11 and BM-S-9
Workforce Peak (ERG 1 and 2): 7,750 workers in Jul/15
• P-55 (LC: 65%) (Roncador Mod. 3) – Construction P-66 P-70
of the 7 modules, deckbox and integration
• P-66 Replicant 1 (Lula High): Construction of the P-67 P-71
Hull (LC: 70%) P-73
P-68
• P-67 Replicant 2 (Lula Central):Construction of 4.200
the Hull (LC: 70%)
• P-68 Replicant 3 (Lula South): Construction of the
Hull (LC: 70%)
• P-69 Replicant 4 (Lula North): Constructionção do P-69
Casco (LC: 70%)
• P-70 Replicante 5 (Lula Extreme South):
Construction of the Hull (LC: 70%)
2.500
• P-71 Replicant 6 (Iara Horst): Construction of the
P-55
Hull (LC: 70%) 2.022
• P-72 Replicant 7 (Iara NW): Construction of the
Hull (LC: 70%) Oil and NGL Production Curve (kbpd)
• P-73 Replicant 8 (Carcará): Construction of the
Hull (LC: 70%)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Rio Grande 1 – ERG1 (RS)

17. P-66
P-66 P-70
P-70
Rio Grande Shipyard – ERG1 - RS P-67
P-67 P-71
P-71
P-68
P-68 P-73
P-73
4.200
P-72
P-69
P-69
7
2.500
2.022 P-55 P-55
6
Empregos Atuais:3,500
Current Jobs: 3.500
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
5
4
1 3
3
2
View of Rio Grande Shipyard ERG1 – RS (09/03/12).
(1) Steel plates of Ecovix; (2) Sub-blocks of the Hulls of the replicants of Ecovix; (3) QUIP modules for Topside and integration of P-55; (4) Modules of the IESA; (5) Pre edification area , with
details for the yellow blocks of the Goliath crane type of the Konecranes (biggest crane in the world: 210m high and capacity of 2 thousand ton) delivered in Aug/12; (6) Work integration of P-55;
(7) Work construction of Rio Grande Shipyard ERG 2, where will be constructed 3 Drilling Rigs of Setebrasil (NS Cassino, NS Curumim e NS Salinas)

18. Rio Grande Shipyard – ERG 1 - RS
6
5
1
2
3 4
7
1
8
View of Rio Grande Shipyard ERG1 – RS (09/03/12).
P-55 (Hull constructed at EAS – PE): (1) Water treatment module; (2) Eletrostatic module; (3) Amines unit module; (4) High pressure separator; (5) Tower flare; (6) Crane with capacity of 600t; (7)
workshop; (8) Utilities central of shipyard.

19. Rio Grande Shipyard – ERG 2 (RS)
Workforce Peak (ERG 1 and 2): 7,750 workers in Jul/15
Salinas
4.200
• 3 DRILLING RIGS Cassino Curumin
CASSINO (LC: 55%) (Lula North)
CURUMIM (LC: 60%)(Exploration)
SALINAS (LC: 60%) (Exploration)
2.500
2.022
Oil and NGL Prodution Curve (kbpd)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Rio Grande 2 – ERG2 (RS)

20. Rio Grande Shipyard ERG2 RS
Estaleiro Rio Grande – ERG 1 -- RS Curumin
Salinas
4.200
Salinas
Cassino Curumin
Cassino
2.500
2.022
Oil and NGL Production Curve (kbbl)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
2
1
View of Rio Grande Shipyard 2 (ERG2) – RS (09/03/12).
Construction of Rio Grande Shipyard-ERG2, where 3 drilling rigs of Setebrasil will be built (NS Cassino, NS Curumim e NSSalinas).
(1) Hulls of the 8 replicant FPSOs under construction (P-66, P-67, P-68, P-69, P-70, P-71, P-72, P-73), will be built and integrated at ERG1 by Ecovix; (2) Workshop civil construction of ERG2

21. BrasFels Shipyard – Angra dos Reis (RJ)
Workforce Peak : 7,900 workers in Aug/12
• 6 semi-submersibles DRILLING RIGS P-66 Frade
URCA (LC: 55%) (Franco East); FRADE (LC: Mangaratiba
55%) (Júpiter); BRACUHY (LC: 60%) (Carcará);
PORTOGALO (LC: 60%)(Iara Surround); Urca Portogalo
Botinas
MANGARATIBA (LC: 65%)(Florim);BOTINAS
(LC: 55%)(Florim) Bracuhy
Cid. São Paulo
• P-61 (LC: 65%)(Papa-Terra) – Construction Cid. Paraty
of the hull and integration
P-61 P-69
• P-66 (Lula High) – Construction of 6 modules
and integration (LC: 67%)
• P-69 (Lula North) - Construction of 6 modules
and integration (LC: 67%)
Cid. Mangaratiba
• Cidade São Paulo (LC: 65%) (Sapinhoá Pilot)
Construction of 4 modules and integration
• Cidade Paraty (LC: 65%) (Lula NE Pilot) Oil and LNG Production Curve (kbpd)
Construction of 5 modules and integration
• Cidade Mangaratiba (LC: 65%) (Iracema South)
Construction of 4 modules and integration
BrasFels Shipyard – Angra (RJ)

22. BrasFels Shipyard - RJ
4.200
Cid. São Paulo
Cid. São Paulo
Cid. Paraty
Cid. Paraty
P-61
P-61
2.500
2.022
Current Jobs: 7,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
2
3
1
View of BrasFels Shipyard, in Angra dos Reis – RJ (08//3112).
(1) P-61 (LC:65%): Construction of the HULL of the TLWP and integration of TOPSIDE (deckbox and modules constructed in Singapore).
(2) FPSO Cidade de São Paulo (LC:65%): Conversion of the HULL in China and integration of 15 modules, constructed in Brasfels (5 mod), Enaval (1 mod), Thailand (8 mod) and China (2
mod).
(3) FPSO Cid d d P t (LC 65%) C i f th HULL d i t ti f 15 d l t t d i (5) N l (4) E l (2) d Si (4)

23. BrasFels Shipyard - RJ
9
8
7
6
5 2
4
3
1
View of BrasFels Shipyard, in Angra dos Reis – RJ (08/31/12).
(1) P-61 Hull; (2) FPSO Cidade de São Paulo; (3) FPSO Cidade de Paraty;
FPSO Cidade de Paraty modules: (4) TS072 – Main Gas Compressor B; (5) TS062 – Oil Treatment A; (6) TS063 – Oil Treatment B; (7) TS071 – Main Gas Compressor A; (8) TS075 – Gas
Treatment B; (9) TS073 – CO2 Compressor; (LC: Complete package contracted of the modules with 65% of local content).

24. UTC Engenharia Construction Site – Niterói (RJ)
Workforce Peak : 3,000 workers in Aug/12
• P-55 (LC: 65%)(Roncador Mod. 3) – Modules Construction:
M-07 – Booster Compression and Gas Dehydration
M-08 – Amines Unit
4.200
• P-58 (LC:63%)(Whales Park) - Modules Construction:
M-01 – Gas Dehydration P-58
M-03 –CO2 and H2S Removal
P-62
M-05/06/07 – Oil Processing
M-10 – Water Injection
M-10A – SRU Sulfate Removal
• P-62 (LC: 63%)(Roncador Mod. 4) – Modules Construction: P-55 2.500
M-01 – Gas Dehydration and Torch System
2.022
M-03 – CO2 and H2S Removal
M-05/06/07 – Oil Processing
M-10 – Water Injection Oil and LNG Production Curve (kbpd)
M-10A – SRU Sulfate Removal
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
UTC Construction Site – Niterói (RJ)

25. UTC Engenharia Construction Site- RJ
4.200
P-58
P-62
2.500
7
2.022
8 Current Jobs: 3,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
4 6
5
1
3
2
View of UTC Engenharia Construction Site – RJ (08/31/12).
General view of UTC construction site, where the modules will be built for FPSOs P-58 (Whales Park) and P-62 (Roncador module 4), which the HULLS where converted in Singapore.
P-62 Modules: (1) and (2) M05 e M07 - Oil Processing (LC:76%); (3) M01 – Gas Dehydration (LC: 75%); (4) M03 - CO2 Removal(LC:75%); (5) M-10 - Water Injection (LC:75%); (6) M10A -
Sulfate Removal (LC: 75%); P-58 Modules: (7) M10 – Water Injection (LC:75%); (8) M05 – Oil Processing (LC:76%).

26. Modules of P-58 leaving Rio de Janeiro (UTC) to be integrated in Rio Grande (Rio Grande Port)
1
2
Modules of Natural Gas Dehydration and Removal of CO2 and H2S at Guanabara Bay – RJ (08/31/12). Avarage Dimension of a module: 20W x 30L x 20W (area: 600 m2)
P-58: Transportation of the modules of (1) M01 – Natural Gas Dehydration and (2) M03 – Removal of CO2 and H2S of P-58, constructed in UTC Engenharia construction site, in Niterói (RJ), to
Honório Bicalho Shipyard (QUIP construction site), at Rio Grande Shipyard (RS), where the integration of 15 modules will be done to the HULL of the FPSO, converted in Singapore.

27. Brasa Shipyard – Niterói (RJ)
Workforce Peak : 1,900 workers in Mar/13
4.200
• Cidade de Ilhabela (LC: 65%)(Sapinhoá North):
Construction of 10 modules and integration of the FPSO Cid. Ilhabela
2.500
2.022
Oil and LNG Production Curve (kbpd)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Brasa – Niterói (RJ)

28. Brasa Shipyard - RJ
4.200
Cid. Ilhabela
2.500
2.022
Current Jobs: 1,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
10
9
7
8
6
5
3
4
2
1
View of Brasa Shipyard, in Niterói – RJ (08/31/12).
Brasa Shipyard will build 10 of the 16 modules, the Helideck, the tower flare, and the measuring station of the FPSO Cidade de Ilhabela and will do the integration of them to the hull that is being
converted in CSSC Shipyard, in Guangzhou (China). The remaining 6 modules will be built in the Nuclep construction site (4 modules), in Itaguaí, and in Guangzhou, in China (2 módules).
Bases of the construction of the modules of FPSO Cidade de Ilhabela: (1) TS022 – Water injection and utilities; (2) TS062 – Oil Processing A; (3) TS063 - Oil Processing B; (4) TS021 – Sea
water treatment and and sulfate removal; (5) TS074 – Gas treatement A; (6) TS071 – Gas compression A; (7) Gas compression B; (8)TS075 – Gas treatment B; (9) CO2;Compression (10)
TS076 – Injection of Gas compression.

29. Inhaúma Shipyard – (RJ): Pre-Salt Hulls – Transfer of Rights
Workforce Peak : 5,100 workers in Jan/13
• P-74 (Franco1): Hull Conversion (LC: 70%)
• P-75 (Franco NW): Hull Conversion (LC: 70%)
P-76
• P-76 (Tupi NE): Hull Conversion (LC: 70%)
• P-77 (Franco NE): Hull Conversion (LC: 70%) 4.200
P-74
P-77
P-75
2.500
2.022
Oil and LNG Production Curve (kbpd)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Inhaúma – Rio de Janeiro (RJ)

30. Inhaúma Shipyard- RJ
4.200
P-74
2.500
2.022
Current Jobs: 109
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1
Overview of Inhaúma Shipyard, in Rio de Janeiro – RJ (08/31/12).
(1) P-74: Hull´s conversion of VLCC ship (structural reinforcement of the hull, enlargement, reform and adaptation of arrangement, installations of equipments and adaptation of anchorage
system).

31. Mauá Shipyard – (RJ): PROMEF Vessels
Workforce peak: 3,300 workers in Jul/14
• Celso Furtado (LC: 74%) – Products Vessel 48 ktpb
• Sérgio Buarque de Holanda (LC: 73%) – Products Vessel 48 Panamax 4/4
Produto 3/3
ktpb
Panamax 1/4
• Rômulo Almeida (LC: 65%) –Products Vessel48 ktpb Produto 3/5
Panamax 2/4 4.200
• José Alencar (LC: 65%) –Products Vessel 48 ktpb Produto 1/3 Produto 4/5
Produto 1/5
Panamax 3/4
• 4 Vessels Panamax (LC: 65%) 65 a 80 ktpb Sérgio Buarque Produto 2/3 Produto 5/5
de Holanda
Produto 2/5
• 3 Products Vessels (LC: 65%) 48 ktpb Celso Furtado José Alencar
Rômulo Almeida 2.500
• 5 Products Vessels (LC: 65%) 32 ktpb
PROMEF: Program of Modernization and Expansion of Transpetro Fleet 2.022
Oil and NGL Production Curve (kbpd)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Mauá – Niterói (RJ)

32. Mauá Shipyard - RJ
Panamax 1/4
4.200
José Alencar
Rômulo Almeida
2.500
2.022
Current Jobs: 3,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
3
2
1
Overview of Mauá Shipyard, in Niterói – RJ (08/31/12).
(1) Products Vessel Rômulo Almeida: Third vessel of the package of 4 products vessels of PROMEF 1 (1st phase), delivery forecasted for Nov/12;
(2) Products Vessel José Alencar: Fourth vessel of the package of 4 products vessels of PROMEF 1 (1st phase), delivery forecasted for Mar/13;
(3) 1st Vessel Panamax: Construction at Mauá Shipyard's drydock of 1st vessel Panamax of the package of 4 vessels of PROMEF 1 (1st phase), delivery forecasted for Jan/14.

33. Nuclep Construction Site (RJ)
Workforce peak : 2,600 workers in Jan/12
• P-58 (LC: 63%) (Whale´s Park) – Construction of 5 modules:
M-02 (A/B/C) – Gas compression
M-09 – Booster compressor
M-12 – Cargo handling
• P-62 (LC: 63%)(Roncador Mod. 4) - Construction of 5 modules: 4.200
M-02 (A/B/C) – Gas compression
M-09 – Booster compressor P-58
Cid. Paraty
M-12 – Cargo handling
P-62
• Cidade Paraty (LC: 65%)(Lula NE Pilot) - Construction of 4
modules: Cid. Ilhabela
Module of cargo handling
Module of manifold Cid. Mangaratiba
2.500
Module of treatment of Gas A
Module of compression and gas injection 2.022
• Cidade Ilhabela (LC: 65%)(Sapinhoá Norte) - Construction of 4
modules:
TS005 – Injection of chemical products Oil and NGL Production Curve (kbpd)
TS077 – Flare vases 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
TS078 – CO2 removal
TS079 – H2S removal
• Cidade Mangaratiba (LC: 65%)(Iracema Sul) - Construction of
5 modules:
Module of water and utilities injection
Nuclep Construction Site – Itaguaí (RJ)
Module of gas treatment
Module of electrical equipments
Module of high and low separation
Module of flare vases

34. Nuclep Construction
Canteiro Nuclep - RJ Site – RJ
4.200
Cid. Paraty
P-58
P-62
2.500
2.022
Current jobs: 2,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
10
9
8
5
4 7
3 6
2
1
11
View of Nuclep Construction Site in Itaguaí – RJ (08/31/12).
FPSO P-62 (Hull – Singapure and EAS Integration): (1) M02A – Main Compression A (LC: 76%); (2) M02B – Main Compression B (LC:76%); (3) M02C – Main Compression C (LC:76%); (4) M09 –
Compression booster (LC:76%); (5) M12 – Load area and chemical storage (LC:71%);
FPSO P-58 (Hull – Singapure and Port of Rio Grande Integration): (6) M02A – Compression principal A (LC:76%); (7) M02B – Compression principal B (LC:76%); (8) M02C – Compression principal
C (LC:76%); FPSO Cidade de Paraty (Hull – Singapure and BrasFels Integration): (9) Injection and gas compression (LC:65%); (10) Manifold (LC:65%).