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This excerpt taken from the PBR 6-K filed Nov 19, 2009. Commitments for purchase of natural gas Petrobras entered into an agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) to purchase a total of 201,9 billion m3 of natural gas during the term of the agreement, undertaking to purchase minimum annual volumes at a price calculated according to a formula indexed to the price of fuel oil. The agreement is valid until 2019 and shall be renewed until the total contracted volume has been consumed. Additional values are being negotiated with YPFB, with respect to the quantity of liquids (heavy hydro carbonates) present in the natural gas acquired through the Gas Supply Agreement (GSA). The amendment to the GSA shall take into consideration additional values between US$100 million and US$180 million per year, applied to the volumes of gas delivered as from May 2007. This excerpt taken from the PBR 6-K filed Aug 18, 2009. Commitments for purchase of natural gas Petrobras entered into an agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) to purchase a total of 201,9 billion m3 of natural gas during the term of the agreement, undertaking to purchase minimum annual of volumes at a price calculated according to a formula indexed to the price of fuel oil. The agreement is valid until 2019 and shall be renewed until the total contracted volume has been consumed. Additional values are being negotiated with YPFB, with respect to the quantity of liquids (heavy hydro carbonates) present in the natural gas acquired through the Guess Supply Agreement (GSA). The amendment to the GSA shall take into consideration additional values between US$100 million and US$180 million per year, applied to the volumes of gas delivered as from May 2007. In the period between 2002 and 2005, Petrobras bought less than the minimum volume established in the agreement with YPFB and paid US$ 81.409 thousand (equivalent to R$ 158.814 thousand at June 30, 2009) referring to the volumes not transported, the credits for which will be realized through the drawing of future volumes. The commitments for purchase of gas up to the end of the agreement represent volumes of 24 million cubic meters per day. This excerpt taken from the PBR 6-K filed Jun 8, 2009. Commitments for purchase of natural gas Petrobras entered into an agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) to purchase a total of 201,9 billion m3 of natural gas during the term of the agreement, undertaking to purchase minimum annual volumes at a price calculated according to a formula indexed to the price of fuel oil. The agreement is valid until 2019, and will be renewed until the total contracted volume has been consumed. Additional values are being negotiated with YPFB, with respect to the quantity of liquids (heavy hydrocarbonates) present in the natural and gas acquired through the Gas Supply Agreement - GSA. The amendment to the GSA will take into consideration additional values between US$100 million and US$180 million per year, applied to the volumes of gas delivered as from May 2007. In the period between 2002 and 2005, Petrobras bought less than the minimum volume established in the agreement with YPFB and paid US$ 81.409 (equivalent to R$ 188.414 thousand at March 31, 2009) referring to the volumes not transported, the credits for which will be realized through the drawing of future volumes. The commitments for purchase of gas up to the end of the agreement represent volumes of 24 million cubic meters per day. This excerpt taken from the PBR 6-K filed Mar 31, 2009. 26.1 Commitments for purchase of natural gas Petrobras entered into an agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) to purchase a total of 201,9 billion m3 of natural gas during the term of the agreement, undertaking to purchase minimum annual volumes at a price calculated according to a formula indexed to the price of fuel oil. The agreement is valid until 2019, and will be renewed until the total contracted volume has been consumed. Additional values are being negotiated with YPFB, with respect to the quantity of liquids (heavy hydrocarbonates) present in the natural gas acquired through the GSA. The amendment to the GSA will take into consideration additional values between US$100 million and US$180 million per year, applied to the volumes of gas delivered as from May 2007. In the period between 2002 and 2005, Petrobras bought less than the minimum volume established in the agreement with YPFB and paid US$ 81.409 (equivalent to R$ 190.189 at December 31, 2008) referring to the volumes not transported, the credits for which will be realized through the drawing of a future volumes. The commitments for purchase of gas up to the end of the agreement represent volumes of 24 million cubic metres per day. | EXCERPTS ON THIS PAGE:
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