This excerpt taken from the PBR 20-F filed Jun 30, 2005.
During 2004, we drilled a total of 355 wells, 279 development wells and 76 exploratory wells. Of those wells, 211 development wells and 27 exploratory wells were located onshore and 68 development wells and 49 exploratory wells were located offshore. We plan to drill 440 new development wells during 2005. These numbers refer to the wells we drilled in 2004, but such wells may not have been evaluated or reclassified in 2004. The table Exploratory and Development Wells below indicates the number of wells which were evaluated and reclassified in 2004.
We plan to expand our exploration and development activities in 2005 by:
The following table sets forth the number of wells we drilled, or in which we participated, and the results achieved, for the periods indicated.