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This excerpt taken from the PBR 6-K filed Sep 9, 2009. Depreciation, Depletion and Amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets using the units of production method. Depreciation, depletion and amortization expenses decreased 3.0% to U.S.$2,891 million in the first half of 2009 compared to U.S.$2,981 million in the first half of 2008. Excluding the impact of the depreciation of the Real, depreciation, depletion and amortization increased in the first half of 2009 compared to the same period of 2008, due to higher capital expenditures and increased oil and gas production. 14 This excerpt taken from the PBR 6-K filed Jun 1, 2009. Depreciation, Depletion and Amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets using the units of production method. Depreciation, depletion and amortization expenses decreased 8.4% to U.S.$1,328 million in the three-month period ended March 31, 2009 compared to U.S.$1,450 million in the three-month period ended March 31, 2008. Depreciation, depletion and amortization increased when expressed in Reais in the first quarter of 2009 compared to the same period of 2008 due to higher capital expenditures and increased domestic oil and gas production. 14 This excerpt taken from the PBR 20-F filed May 22, 2009. Depreciation,
Depletion and Amortization
We calculate depreciation, depletion and amortization of most of
our exploration and production assets using the units of
production method. Depreciation, depletion and amortization
expenses increased 50.9% to U.S.$5,544 million for 2007,
compared to U.S.$3,673 million for 2006. This increase
resulted from higher capital spending and increased depletion
and amortization charges relating to increased oil and gas
production.
This excerpt taken from the PBR 6-K filed Mar 30, 2009. Depreciation, Depletion and Amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets using the units of production method. Depreciation, depletion and amortization expenses increased 6.9% to U.S.$5,928 million for 2008 compared to U.S.$5,544 million for 2007. Excluding the impact of the appreciation of the Real, the increase in depreciation, depletion and amortization resulted from higher capital expenditures and increased domestic oil and gas production. This excerpt taken from the PBR 6-K filed Nov 28, 2008. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets using the units of production method. 15
Depreciation, depletion and amortization expenses increased 21.7% to U.S.$4,643 million in the nine-month period ended September 30, 2008, compared to U.S.$3,816 million in the nine-month period ended September 30, 2007. Excluding the impact of the appreciation of the Real, the increase in depreciation, depletion and amortization resulted from higher capital expenditures and increased oil and gas production. This excerpt taken from the PBR 6-K filed Sep 4, 2008. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets using the units of production method. Depreciation, depletion and amortization expenses increased 17.4% to U.S.$2,981 million in the first half of 2008, compared to U.S.$2,539 million in the first half of 2007. Excluding the impact of the appreciation of the Real, the increase in depreciation, depletion and amortization resulted from higher capital expenditures and increased depletion and amortization charges relating to increased oil and gas production. This excerpt taken from the PBR 6-K filed May 22, 2008. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets using the units of production method. Depreciation, depletion and amortization expenses increased 25.3% to U.S.$1,450 million for the first quarter of 2008, compared to U.S.$1,157 million for the first quarter of 2007. Excluding the impact of the appreciation of the Real, the increase in depreciation, depletion and amortization resulted from higher capital expenditures and increased depletion and amortization charges relating to increased oil and gas production. 14 This excerpt taken from the PBR 6-K filed Mar 18, 2008. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets using the units of production method. Depreciation, depletion and amortization expenses increased 50.9% to U.S.$5,544 million for 2007, compared to U.S.$3,673 million for 2006. This increase resulted from higher capital spending and increased depletion and amortization charges relating to increased oil and gas production. This excerpt taken from the PBR 6-K filed Nov 29, 2007. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 45.9% to U.S.$ 3,816 million for the nine-month period ended September 30, 2007, as compared to U.S.$ 2,616 million for the nine-month period ended September 30, 2006. This increase was primarily attributable to the following: (1) an increase in depletion and amortization related to property, plant and equipment associated with our crude oil and natural gas production; (2) increased capital expenditures related to property, plant and equipment associated with our crude oil and natural gas production; and (3) the 8.3% increase in the value of the Real against the U.S. dollar in the nine-month period ended September 30, 2007, as compared to the nine-month period ended September 30, 2006. This excerpt taken from the PBR 6-K filed Sep 6, 2007. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 55.5% to U.S.$ 2,539 million for the first half of 2007, as compared to U.S.$ 1,633 million for the first half of 2006. This increase was primarily attributable to the following: (1) an increase in depletion and amortization related to property, plant and equipment associated with our crude oil and natural gas production; (2) increased capital expenditures related to property, plant and equipment associated with our crude oil and natural gas production; and (3) the 6.6% increase in the value of the Real against the U.S. dollar in the first half of 2007, as compared to the first half of 2006. This excerpt taken from the PBR 6-K filed Jun 13, 2007. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 41.8% to U.S.$ 1,157 million for the first quarter of 2007, as compared to U.S.$ 816 million for the first quarter of 2006. This increase was primarily attributable to the following: (1) an increase in depletion and amortization related to property, plant and equipment associated with our crude oil and natural gas production; (2) increased capital expenditures related to property, plant and equipment associated with our crude oil and natural gas production; and (3) the 3.9% increase in the value of the Real against the U.S. dollar in the first quarter of 2007, as compared to the first quarter of 2006. This excerpt taken from the PBR 6-K filed Apr 10, 2007. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 25.5% to U.S.$ 3,673 million for 2006, as compared to U.S.$ 2,926 million for 2005. This increase was primarily attributable to the following:
This excerpt taken from the PBR 6-K filed Nov 28, 2006. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 22.3% to U.S.$ 2,616 million for the nine-month period ended September 30, 2006, as compared to U.S.$ 2,139 million for the nine-month period ended September 30, 2005. This increase was primarily attributable to the following:
This excerpt taken from the PBR 6-K filed Sep 6, 2006. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 16.6% to U.S.$ 1,633 million for the first half of 2006, as compared to U.S.$ 1,401 million for the first half of 2005. This increase was primarily attributable to the following:
This excerpt taken from the PBR 6-K filed Jun 28, 2006. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of most of our exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 21.8% to U.S.$ 816 million for the first quarter of 2006, as compared to U.S.$ 670 million for the first quarter of 2005. This increase was primarily attributable to the following:
This excerpt taken from the PBR 6-K filed Nov 23, 2005. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 17.9% to U.S.$ 2,139 million for the nine-month period ended September 30, 2005, as compared to U.S.$ 1,814 million for the nine-month period ended September 30, 2004. This increase was primarily attributable to the following:
This excerpt taken from the PBR 6-K filed Aug 25, 2005. Depreciation, depletion and amortization We calculate depreciation, depletion and amortization of exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 20.5% to U.S.$ 1,401 million for the first half of 2005, as compared to U.S.$ 1,163 million for the first half of 2004. This increase was primarily attributable to the following:
This excerpt taken from the PBR 20-F filed Jun 30, 2005. Depreciation, depletion and amortization
Depreciation, depletion and amortization relating to exploration and production assets are calculated on the basis of the units of production method. Depreciation, depletion and amortization expenses decreased 7.5% to U.S.$1,785 million for 2003, as compared to U.S.$1,930 million for 2002. This decrease was primarily attributable to the 5.2% decrease in the value of the Real against the U.S. dollar in 2003, as compared to 2002, and to the effect of the adoption of SFAS 143 in 2003. In 2002, U.S.$281 million in abandonment costs were recognized as depreciation, depletion and amortization in accordance with SFAS 19. In 2003, as a result of the adoption of SFAS 143, depreciation on the asset retirement obligation was recorded under depreciation, depletion and amortization, while accretion expense was recorded under exploration, including exploratory dry holes. See “—Impact of New Accounting Standards—SFAS 143.” This change resulted in U.S.$21 million in abandonment costs being recognized as depreciation, depletion and amortization in 2003. The decrease in depreciation, depletion and amortization, was partially offset by an increase of depreciation, depletion and amortization expenses of approximately U.S.$182 million incurred in connection with the activities of PEPSA and PELSA.
This excerpt taken from the PBR 6-K filed Jun 13, 2005. Depreciation, depletion and amortization
We calculate depreciation, depletion and amortization of exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 25.7% to U.S.$ 670 million for the first quarter of 2005, as compared to U.S.$ 533 million for the first quarter of 2004. This increase was primarily attributable to the following:
This excerpt taken from the PBR 6-K filed Jun 8, 2005. Depreciation, depletion and amortization
We calculate depreciation, depletion and amortization of exploration and production assets on the basis of the units of production method. Depreciation, depletion and amortization expenses increased 39.0% to U.S.$ 2,481 million for 2004, as compared to U.S.$ 1,785 million for 2003. This increase was primarily attributable to the following:
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