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PBR » Topics » Cost - R$/barril

This excerpt taken from the PBR 6-K filed Aug 14, 2006.

Cost - R$/barril

                Lifting cost           
                • Brazil (7)          
13.84    13.16    13.37    (2)   • • without government participation  13.50    14.56    (7)
36.89    38.18    32.90    16        • • with government participation  37.54    34.31    9 
                Refining cost           
4.19    4.55    4.36    4    • Brazil (7) 4.37    4.52    (3)
(7) The company, in order to promote a better indexes adherence to its operating and management models, has reviewed their concepts, recalculating the values of previous periods, as already mentioned on 4Q05 Report.

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