2010 apresentação em Houston, Texas, USA

1. Abreu e Lima Refinery
A Refinery in Pernambuco
HOUSTON - March - 2010

2. Disclaimer
casts about future
The presenta tion may contain fore the
merely reflect
events. Such forecasts
ement. Such
expectations of th e Company's manag
"forecast",
, "believe", "expect",
terms as "anticipate" , "should", along
"intend", "pla n", "project", "seek"
, are used to
with similar or an alogous expressions
s evidently
sts. These prediction
identify such foreca hether foreseen or
involve risks and uncertainties, w
future results of
not by the Com pany. Therefore, the
ctations, and
operations may di ffer from current expe
exclusively
se their expectations
readers must not ba in. The Company is
on the inform ation presented here
such forecasts
not obliged to up date the presentation/
lopments.
in light of new info rmation or future deve

3. Disclaimer
ESTORS
TATEME NT FOR US INV
CAUTIONARY S
d Exchange
States Securities an
The United ies, in their
ermits oil an d gas compan
Commission p reserves
SEC, to disclo se only proved
filings with the duction
d by actual pro
as demonstrate
th at a company h sts to be econ
omically and
formation te omic and
or conclusive existing econ
ible under s in this
legally produc e certain term
ions. We us
o perating condit as resources,
that the
as oil and g
sentation, such including in
pre
es strictly prohibit us from
SEC’s guidelin
SEC.
filings with the

4. Pernambuco

5. Petrobras in Numbers
Market value: US$ 165 billion (Jul. – 2009)
Service stations: more than 8,000 Employees: 74,258 (Feb. – 2009)
Production platforms: 112 Thermoelectrical power plants: 10
Refineries: 16 Pipelines: 25.197 km/ 15.748 miles
Oil & Gas production: 2,474,680 bpd (2009)

6. Worldwide Activities
Petrobras is present in 28 countries.

7. Petrobras’ Main Drivers
& Strategies
Business Strategies
Develop market and monetize E&P
natural gas reserves in Brazil • Focus on light oil and natural gas production
and reserve growth
Reduce dependence on light oil Downstream
and oil product imports • Expand conversion capacity and improve
quality of refined products
• Increase bio-refining capacity, biomass,
Improve oil product quality in Brazil petrochemical and fertilizers businesses
and abroad
• Promote Brazilian biodiesel production and
export ethanol
Reduce carbon intensity of Distribution
operations and products • Increase market-share in Brazil for oil
products and biofuels
Assure future demand and add Gas & Energy
value to heavy oil exports • Develop and establish a profitable and
reliable natural gas market including LNG
Exploit competitive advantage from International
deep water exploration technology • Expand E&P in Gulf of Mexico and Africa
abroad • Undertake investments in refining conversion
capacity and quality

8. Petrobras discovers reservoirs
in pre-salt layer - News

9. Brazil pre-salt
basins localization
The largest oil discovery in at least 20 years could
put Brazil among the leading oil producers.

10. With Significant
Upside Potential
Petrobras Total Production (k bpd)
5,72
9
632
7.5% avg
p.a.
1177
3,65
5.6% CAGR 5
341
8.8% avg
2,75 p.a. 634
7
244
250 243 224 463
60 265 321 3,920
70 252 269 274 277 273
252 251 265
232 2,680
1,792 1,855 2,050
1,500 1,540 1,493 1,684 1,778
1,335
2001 2002 2003 2004 2005 2006 2007 2008 2009 2013 2020
Oil Production - Brazil Gas Production - Brazil International Production (oil + gas)

11. Program To Support
PETROBRAS Vision
≈ US$ 175 billion
Business Plan 2009-2013
3%
2% 2% 2% US$ 174.4 billion
7% 5.6 3.0 E&P
11.8 2.8
RTC
3.2
G&E
Petrochemicals
43.4 104.6 (*) Distribution
25% 59%
Biofuels
Corporate
(*) US$ 17.0 billion allocated to Exploration

12. The PETROBRAS Soul
A company controlled by the Brazilian State with 68% of outside
stockholders;
A triple bottom line company (profitability + social + environmental
targets);
Extensive training policies;
Driven by Knowledge and Technology (R&D Center);
It is totally linked with the strategy of the Government;
As you may be aware presently there is a very strong policy to
place orders to local companies;
Developing Brazilian Industry with local orders;
When placing orders, PETROBRAS favors local companies.

13. The PETROBRAS Soul
“Brazilian companies” means:
companies which have
manufacturing processes and
after-sales services
in Brazil, thus creating jobs and
collecting taxes in the country.

14. Local Content – Supply
Policy
Supply Policy to maximize Local Content
Petrobras recognizes in the local supplying market, opportunities to
improve cost effectiveness and quality standards for the
present and future projects;
Local suppliers usually provide After Sales faster and
friendlier when compared with the foreign companies;
Petrobras
Local Content
Policy Petrobras focuses on competitiveness and
sustainability in the supply market (in Brazil or abroad);
The Petrobras Local Content policy is connected and
contributes to the Petrobras Social Responsibility Policy.

15. Program To Support
PETROBRAS Vision
Items Un. TOTAL Items Un. TOTAL
Wet Christmas Tree un 500 Pumps un 8.000
Well Head un 500 Compressors un 700
Flexible Lines km 4.000 Winch un 450
Manifolds un 30 Crane un 200
Production pipes t 42.000 Engines un 1.000
Umbilical km 2.200 Turbines un 350
Dry Christmas Tree un 1.700 240.00
Structure Steel (Hull) t 0
Onshore well head un 1.700
Reactors / un 280 Structure Steel Plat. 700.00
Heat Exchangers un 2000 Hull t 0
Power Generators
Oil and water splitter un 500
un 50
Storage Tankers Filters un 300
un 1.800
550 Flares un 30
Turrets un

16. A new Refinery

17. The Refinery
1. PETROBRAS has discovered huge quantities of heavy and extra-
heavy oil in Brazil;
2. Brazil needs more diesel for domestic consumption, mainly in the
Northeast;
3. Local demand for oil products has been growing;
4. Petrobras environmental commitment demanded better quality
products.
The solution found was to construct a new refinery in
Brazil dedicated to process heavy oil

18. Domestic Market Profile
Evolution
Brazil 1950 - 2010
50’s 60’s 70’s 80’s 90’s 2010
3%
7% 7% 12% 13% 12%
4% LPG
11% 12%
34% 14%
32% 28% Naphtha
15%
17% 19%
6% 4% Gasoline
5% 5%
4%
6%
19% Jet Fuel
22% 25%
36%
37%
Diesel
41%
38% 33% 31% Fuel Oil
21%
16%
7%

19. Overview
Capacity : 230,000 bpd of 16 API / crude
Production :
LPG 1,600 m3/d
Naphtha for Petrochemicals 1,900 m3/d
Diesel (50 or 10 ppm S) 25,800 m3/d (70%)
Heavy Coker Gasoil (Bunker) 2,000 ton/d
Coke (High and Low Sulfur) 5,200 ton/d
Construction : 20,000 Jobs created
Start Up : 2012
Target Market : Brazil North-Northeast Regions
CAPEX : US$ 12 billion

20. Critical Feasibility Factors
Construction Schedule
- The bidding process is being finished;
- There are 3 months of continuous rain in this area;
- We hope to start the refining operations in 2012.

21. Critical Feasibility Factors
Environmental Considerations
- The Petrobras policy is to be a benchmark for environmental issues;
- The refinery is just 10 miles away from tropical holiday resorts;
- Concerns about effluent disposal and atmospheric pollution
will be solved using the best available technology;
- The Pernambuco State Environmental Agency has been working
closely with us.

22. Construction
1. The earthworks are in the final phase.
2. There are two independent refining units to process different
grade heavy oils. There is a time lag in the construction phasing.
3. PETROBRAS have been purchasing the main equipment in
the international and local markets and outsourcing the
construction with local contractors.
4. We have already contracted 70% construction work and 30%
of bids are still open but are under consideration.

23. 2008 Earthwork

24. 2008 Earthwork

25. 2008 Earthwork

26. 2008 Earthwork

27. Dec/2009 Construction works

28. Jan/2010 Construction works

29. Dec/2009 Construction works

30. Jan/2010 Construction works
Janeiro/2010

31. Jan/2010 Construction works

32. Drum
(Monte Mor, Brazil)

33. Water Pumps
(Jundiaí, Brazil)

34. Water Pumps
(Jundiaí, Brazil)

35. HDT D Compressors
(Belo Horizonte, Brazil)

36. HDT D Compressors
(Belo Horizonte, Brazil)

37. Heat Exchangers
(Sorocaba, Brazil)

38. Heat Exchangers
(Sorocaba, Brazil)

39. Coke Drums
Larsen (India)

40. Naphtha HDT Reactors
Confab (Brazil)

41. Suape Port Complex
The potential growth in this
region is enormous because:

42. The refinery is being installed
in the SUAPE Complex
Refinery
Suape Port Complex
Beach Resorts

43. SUAPE Port accesses North America,
Europe and Africa easily

44. SUAPE Port
It is located in the center of the growing Northeast region

45. Extensive available
area behind the port
Refinery
Petrochemical Plants
SUAPE Port

46. Infrastructure available
(railroads / expressways)
Railroads
NEW
Expressway Shipyards
Refinery
NEW Petrochemical
Expressway Plants

47. Capacity to receive large
ships (Suezmax)

48. Improving Port Facilities
P5
P4
P3 New Pier
P2
P1

49. Dec/2009
Suape Port

50. Dec/2009
New Pier

51. Dec/2009 Suape Port

52. Professional Training Program
Suape
There will be a plentiful supply of trained labor due to recent Federal,
State and company training programs 7,000 ready professionals
10,000 under training

53. Pernambuco
SUAPE
- State Government is providing tax holidays;
- The authorities from all segments have been collaborating closely
with all investors.

54. Free Trade Zone
FTZ - SUAPE
Current Legislation: Main Characteristics
Basic Legislation: Law11.508/2007, with an amendment through law 11.732/2008.
Fiscal Incentives (for companies located within the FTZ):
• FTZ - SUAPE - First Free Trade Zone approved in Brazil;
• Free of All Import Tariffs: IPI, AFRMM, PIS/COFINS, PIS/COFINS-Import
(including machinery and equipment to be used).
• Free of All State Tax;
• Simplified export and import procedures;
• Conditions guaranteed for a minimum of 20 + 20 years.
• Domestic Operations Limited to 20% of gross sales;
• Export Operations Minimum of 80% of gross sales;
• 75% reduction in income tax for 10 years;
• FTZ - SUAPE will start in August 2011;
• FTZ – SUAPE will be managed by private companies.

55. Free Trade Zone
FTZ - SUAPE
Refinery
Refinery
Federal Highway
Expressway
Shipyards BR-101
FTZ
SUAPE
Port

56. Free Trade Zone
FTZ - SUAPE
Federal Highway BR 101
SUAPE-Port
FTZ-SUAPE
BR-101

57. Suape Area
Other projects being installed in the area
include new shipyards, petrochemical plants,
a future steel mill and an industrial park.

58. FUTURE
PETROBRAS is maintaining its investments presented in the US$ 175
billion Strategic Plan with refineries, pipelines, subsea equipment,
platforms, and oil tankers. As you are already aware, the policy is to
buy products manufactured locally.
This refinery in Pernambuco is one of the most important PETROBRAS
onshore investment projects over the last 30 years.
In the same place there are four anchor projects (Port + Shipyards +
Refinery + Petrochemical Plants). Their demands will give incentive to
establish other factories, plants, service companies, etc.
Due to the coming boom any investors will be able to benefit from
infrastructure, and trained technicians already in place.

59. FUTURE
• There are huge opportunities for already installed and newcomers
in the Brazilian suppliers market (ex: service and engineering
companies facing the demand, as per Petrobras investment project
portfolio).
• In order to carry out such portfolio, Petrobras is looking forward to
establishing stable long term business relationships with
companies that are willing to invest in Brazil.

60. FUTURE
We see that SUAPE could easily become an oil & gas, shipbuilding
and offshore industry hub to support local demand and to export
around the world
Several equipment suppliers have been evaluating the possibility of
installing plants in SUAPE
Gulf of
Mexico
Venezuela
Nigeria
SUAPE
Angola
Campos
Basin

61. Calgar
y Dalian, China
Houston /
Corpus Christ, Bayou Ilha Koje,
Texas Corea
SUAPE
Cingapura
Batam

62. FUTURE
The local governments (State and Municipality) have
demonstrated skill in resolving concerns and taking
PETROBRAS to SUAPE
SUAPE business development team can help you too!

63. It is time for Brazil
So … if you are looking at Brazil and your business is oil, gas,
shipbuilding, offshore equipment or petrochemicals…
…the new frontier is Pernambuco!
SEE YOU IN SUAPE
Thank you !

64. Today - Target
We would like to invite
PESA to visit
SUAPE Port Complex
in Pernambuco

65. Porto de Galinhas - SUAPE

66. Porto de Galinhas - SUAPE

67. Porto de Galinhas - SUAPE

68. Porto de Galinhas - SUAPE

69. Porto de Galinhas - SUAPE

70. Porto de Galinhas - SUAPE

71. Porto de Galinhas - SUAPE

72. Porto de Galinhas - SUAPE

73. Porto de Galinhas - SUAPE

74. Beach Resorts - Suape

75. Porto de Galinhas - SUAPE

76. Abreu e Lima Refinery
A Refinery in Pernambuco
www.petrobras.com
www.suapeglobal.com
Marcelino Guedes Gomes
PETROBRAS
Pernambuco - Brazil Refinaria Abreu e Lima
e.mail:marcelino@petrobras.com.br