Why Petrobras? Leadership in all segments of the value chain in Brazil; 20% of global deep water production; The most actively traded ADR on NYSE; Presence in 24 countries outside of Brazil, highlighting United States and West Coast of Africa; 125 production platforms, 15 refineries (12 in Brazil), 30,000 kilometers of pipelines and more than 8,000 service stations; Deep-water discoveries in Brazil represent one third of the worldwide discoveries in the last 5 years; Long history of replacing production and increasing reserves; Complete logistical integration between oil and gas producing basins, refineries, and a large and rapidly growing Brazilian market

1. FACT SHEET 2012
Founded in 1953, Petrobras is an integrated oil and gas company Petrobras has developed special expertise in deepwater exploration
that is the largest corporation in Brazil. It currently operates most and production. Operating mainly in the world’s sixth largest
of Brazil’s producing oil and gas fields and holds a large base of economy, Petrobras holds a dominant position with growing
proved reserves. In 43 years of developing Brazil’s offshore basins, reserves and more than 98% of Brasilian refining capacity.
WHY PETROBRAS?
▪▪ Leadership in all segments of the value chain in Brazil. ▪▪ Deep-water discoveries in Brazil represent one third of the
worldwide discoveries in the last 5 years.
▪▪ 20% of global deep water production.
▪▪ Long history of replacing production and increasing reserves.
▪▪ One of the most actively traded ADR on NYSE.
▪▪ Complete logistical integration between oil and gas
▪▪ Presence in 27 countries outside of Brazil, highlighting United
producing basins, refineries, and a large and rapidly growing
States and West Coast of Africa.
Brazilian market.
▪▪ 125 production platforms, 15 refineries (12 in Brazil), 30,000
kilometers of pipelines and more than 8,000 service stations.
PETROBRAS IN BRAZIL 2011 PROVEN RESERVES (SPE*)
16,4 billion boe
4%
8%
Equatorial Margin
8%
Ceará & Potiguar
Parnaíba
Rio do 47%
Solimões & Amazonas Peixe
Paraíba/
Pernambuco
Parecis 33% Deep Water
Sergipe/Alagoas Ultra-Deep Water
Tucano, Recôncavo, Onshore
São Francisco
Camamu/Almada & Shallow Water
International
Jequitinhonha * Society of Petroleum Engineers
HISTORICAL OIL PRODUCTION (Brazil)
Thousand bbl/d
Espírito Santo,
Campos & Santos
Exploratory blocks
2000 2022
Refineries
1500
1271
1000
Pelotas
653
500
181
0
1980 1990 2000 2011
Onshore Shallow Water Deep Water

2. What is Pre-Salt? Business and ManagEment Plan
Located up to 300 km offshore 2012-2016
Water depths CAPEX 2012-2016 Projects under implementation:
US$ 236.5 Billion US$ 208.7 Billion (833 projects)
Total depth from 5,000
that can exceed
2,000 meters 980 Projects Projects under evaluation:
to 7,000m
US$ 27.8 Billion (147 projects)
Post-Salt layer
Salt layer: 2,000
to 5,000 meters
27.7%
thick (US$ 65.5 Billion)
Pre-Salt layer:
New exploratory 5.8%
frontier (US$ 13.8 Billion)
2.1%
Large oil carbonatic reservoirs (US$ 5.0 Billion)
1.5%
In 2005, Petrobras discovered the world’s largest new (US$ 3.6 Billion)
oil basin in many years: The Pre-Salt layer. Located in the 1.6%
Southeast coast of Brazil, the Pre-Salt layer has multi-billion 60.0% (US$ 3.8 Billion)
barrels of high quality oil. (US$141.8 Billion) 1.3%
Since then, 67 exploratory wells were already drilled and (US$ 3.0 Billion)
80% of them yielding hydrocarbon discoveries. E&P (Exploration&Production)
Initial results indicate very large recoverable volumes, which RTM (Refining, transportation and Marketing)
G&P (Gas & Power)
have the potential to double Petrobras’ current proven reserves Petrochemical
by 2020. Distribution
These new discoveries will catapult the company in the coming Biofuel
Corporate
years to an entirely new level of reserves and production.
CONSOLIDATED FINANCIAL RESULTS ADRs vs. Dow Jones
Billion US$ Jan 06 =100
1S12 2011 2010 2009 450
PBR
Net income 4.53 20.10 19.18 15.50 400 PBR/A
Investments 20.71 43.16 45.08 35.13 350 DJ
EBITDA 14.74 37.30 32.62 28.98 300
Net Debt 65.91 54.90 36.70 40.96
250
Shareholder’s Equity 167.66 177.11 183.40 94.96
200
Net debt/net capitalization 28% 24% 17% 31%
150
Net debt/EBITDA 2.24 1.47 1.03 1.20
100
50
EARNINGS PER ADR* DIVIDENDS PER ADR*
0
2006 2007 2008 2009 2010 2011 2012
4.3
1.4
4.2
3.9
1.2
3.5
1.1
3.0
0.9
NYSE (US$ per ADR)
0.7
Ticker PBR PBRA
Last price* 18.77 18.14
Maximum 12 months 34.75 31.39
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Minimum 12 months 17.64 16.99
* one ADR represents two shares *Dividends include the Interest
on Own Capital (IOC) *june 29, 2012
www.petrobras.com.br/ir | investors@petrobras.com