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PBR » Topics » (ii) Costs incurred in oil and gas property acquisition, exploration and development activities

This excerpt taken from the PBR 6-K filed Mar 30, 2009.

(ii) Costs incurred in oil and gas property acquisition, exploration and development activities

Costs incurred are summarized below and include both amounts expensed and capitalized:

    Year ended December 31, 2008 
   
    Brazil    International    Worldwide 
           
Property acquisitions             
   Proved    -    248    248 
   Unproved    42    305    347 
Exploration costs    3,568    365    3,933 
Development costs    11,633    1,587    13,220 
           
    15,243    2,505    17,748 
Proportional interest of costs incurred of non-consolidated companies    -    71    71 
           
    15,243    2,576    17,819 
           
 
    Year ended December 31, 2007 
   
    Brazil    International    Worldwide 
           
Property acquisitions             
   Proved    -    59    59 
   Unproved    119    464    583 
Exploration costs    2,095    309    2,404 
Development costs    7,928    1,132    9,060 
           
    10,142    1,964    12,106 
Proportional interest of costs incurred of non-consolidated companies    -    80    80 
           
    10,142    2,044    12,186 
           
 
    Year ended December 31, 2006 
   
    Brazil    International    Worldwide 
           
Property acquisitions             
   Proved    -    86    86 
   Unproved    38    630    668 
Exploration costs    1,752    430    2,182 
Development costs    6,022    817    6,839 
           
    7,812    1,963    9,775 
Proportional interest of costs incurred of non-consolidated companies    -    24    24 
           
    7,812    1,987    9,799 
           

187

This excerpt taken from the PBR 6-K filed Mar 18, 2008.

(ii) Costs incurred in oil and gas property acquisition, exploration and development activities

Costs incurred are summarized below and include both amounts expensed and capitalized:

    Year ended December 31, 2007
   
    Brazil   International   Worldwide
     
Property acquisitions             
   Proved    -    59    59 
   Unproved    119    464    583 
Exploration costs    2,095    309    2,404 
Development costs    7,928    1,132    9,060 
       
    10,142    1,964    12,106 
Proportional interest of costs incurred of             
   equity companies    -    80    80 
       
    10,142    2,044    12,186 
       

    Year ended December 31, 2006 
   
    Brazil   International   Worldwide
     
Property acquisitions             
   Proved    -    86    86 
   Unproved    38    630    668 
Exploration costs    1,752    430    2,182 
Development costs    6,022    817    6,839 
       
    7,812    1,963    9,775 
Proportional interest of costs incurred of             
   equity companies    -    24    24 
       
 
    7,812    1,987    9,799 
       

    Year ended December 31, 2005 
   
    Brazil    International    Worldwide
       
Property acquisitions
Unproved    220    126    346 
Exploration costs    1,741    420    2,161 
Development costs    4,687    647    5,334 
       
    6,648    1,193    7,841 
       

133

Table of Contents


This excerpt taken from the PBR 6-K filed Apr 10, 2007.

(ii) Costs incurred in oil and gas property acquisition, exploration and development activities

Costs incurred are summarized below and include both amounts expensed and capitalized:

    Year ended December 31, 2006 
   
    Brazil    International    Worldwide 
       
Property acquisitions             
   Proved    -    86    86 
   Unproved    38    630    668 
Exploration costs    1,752    430    2,182 
Development costs    6,022    817    6,839 
       
 
    7,812    1,963    9,775 
Proportional interest of costs incurred of equity             
companies        24    24 
       
    7,812    1,987    9,799 
       
 
    Year ended December 31, 2005 
   
    Brazil    International    Worldwide 
       
Property acquisitions             
   Unproved    220    126    346 
Exploration costs    1,741    420    2,161 
Development costs    4,687    647    5,334 
       
 
    6,648    1,193    7,841 
       
 
    Year ended December 31, 2004 
   
    Brazil    International    Worldwide 
       
 
Property acquisitions             
 Unproved    156    17    173 
Exploration costs    1,003    250    1,253 
Development costs    3,591    404    3,995 
       
 
    4,750    671    5,421 
       

140

Table of Contents

This excerpt taken from the PBR 6-K filed Mar 21, 2006.

(ii) Costs incurred in oil and gas property acquisition, exploration and development activities

Costs incurred are summarized below and include both amounts expensed and capitalized:

   
Year ended December 31, 2005 
   
   
Brazil 
International 
Worldwide 
       
Property acquisitions             
   Unproved    220    126    346 
Exploration costs    1,741    420    2,161 
Development costs    4,687    647    5,334 
       
 
    6,648    1,193    7,841 
       
 
   
Year ended December 31, 2004 
   
   
Brazil 
International 
Worldwide 
       
Property acquisitions             
   Unproved    156    17    173 
Exploration costs    1,003    250    1,253 
Development costs    3,591    404    3,995 
       
 
    4,750    671    5,421 
       
 
   
Year ended December 31, 2003 
   
   
Brazil 
International 
Worldwide 
       
 
Property acquisitions             
 Proved    -    2,255    2,255 
 Unproved    7    6    13 
Exploration costs    827    96    923 
Development costs    3,025    285    3,310 
       
 
    3,859    2,642    6,501 
       

140

Table of Contents

EXCERPTS ON THIS PAGE:

6-K
Mar 30, 2009
6-K
Mar 18, 2008
6-K
Apr 10, 2007
6-K
Mar 21, 2006

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"(ii) Costs incurred in oil and gas property acquisition, exploration and development activities" elsewhere:

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