(Petrobras, 7.Mar.2017) – Petrobras clarified that the R$ 500 million amount mentioned in the article published by the newspaper O Estado de S. Paulo and mentioned by President Pedro Parente in an internal communication to the company’s work force, represents a preliminary estimate of potential gains that may result from the Strategic Alliance signed between Petrobras and Total.
The synergy between the companies, where Petrobras brings in technical knowledge from the operation of pre-salt layer fields in Brazil, and Total brings in its experience in the operation of deep water fields in the Western African coast and in carbonate reservoirs, might facilitate production optimization in the future as a consequence of an increase in the recovery factor in carbonate reservoirs and resulting increase in volume produced.
As such, the aforementioned amount has not been recorded in the global value of the Strategic Alliance announced to the market on 10/24/2016, 12/21/2016, and 03/01/2017, in the amount of $2.2 billion, since materialization of the foreseen synergies will depend on the progress of technical discussions and development plans to be jointly prepared.
***