PBR » Topics » 3. Payments to Governments

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

3. Payments to Governments

R$ million
        Second Quarter      
First Half
1Q-2006   2006   2005  
D%
     
2006 
   
2005 
  D% 
                Country            
1,758    1,981    1,580    25    Royalties    3,739    2,885    30 
2,000    2,146    1,658    29    Special Participation    4,146    3,240    28 
24   29    15    97    Surface Rental Fees    53    34    58 
3,782    4,156    3,253    28    Subtotal    7,938   6,159    29
216    310    148    109    Foreign    526    282    87 
3,998    4,466    3,401    31    Total    8,464    6,441    31 

The government take in the country increased 29% in 1H-2006 over the same period of 2005, reflecting the higher tax bracket in the calculation of Special Participation for the higher production levels a the Barracuda and Caratinga fields, and the 33% increase in the reference price for domestic oil, which reached the average price of R$ 115.64 (US$ 53.43) in 1H-2006 versus R$ 87.04 (US$ 37.03) in the 1H-2005, as a result of the linkage with the price of Brent in the international markets.

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This excerpt taken from the PBR 6-K filed Jun 26, 2006.

3. Payments to Governments

R$ million
        First Quarter 
       
4Q - 2005        2006    2005    D
         
    Country             
1,712    Royalties    1,758    1,305    35 
2,003    Special Participation    2,000    1,582    26 
58    Surface Rental Fees    24    19    26 
         
3,773    Subtotal    3,782    2,906    30 
         
249    Foreign    216    134    61 
         
4,022    Total    3,998    3,040    32 
         

The government take in the country increased 32% in 1Q-2006 over the same period of 2005, reflecting the 46% increase in the reference price for domestic oil, which reached the average price of US$ 50.93 (US$ 34.95 in 1Q-2005, as well as an increase in the produced volumes and Special Participation of the Barracuda and Caratinga fields.

This excerpt taken from the PBR 6-K filed May 16, 2006.

4. Payments to Governments

R$ million
       
First Quarter 
4Q-2005 
     
2006 
 
2005 
  D% 
    Country             
1,712    Royalties    1,758    1,305   
35 
2,003    Special Participation    2,000    1,582   
26 
58    Surface Rental Fees    24    19   
26 
3,773    Subtotal    3,782    2,906   
30 
249    Foreign    216    134   
61 
4,022    Total    3,998    3,040   
32 

The government take in the country increased 32% in 1Q-2006 over the same period of 2005, reflecting the 46% increase in the reference price for domestic oil, which reached the average price of US$ 50.93 (US$ 34.95 in 1Q-2005, as well as an increase in the produced volumes and Special Participation of the Barracuda and Caratinga fields.

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

4. Payments to Governments

R$ million
    Fourth Quarter        Fiscal Year
3Q-2005    2005    2004    D%        2005    2004    D% 
                Country             
1.769    1.712    1.435    19    Royalties    6.366    5.020    27 
2.035    2.003    1.776    13    Special Participation    7.279    5.717    27 
18    58    20    190    Surface Rental Fees    110    87    26 
               
3.822    3.773    3.231    17    Subtotal    13.755    10.824    27 
               
188    249    105    137    Foreign    719    503    43 
               
4.010    4.022    3.336    21    Total    14.474    11.327    28 
               

The payments to governments in the Nation increased 28%, in comparison to 2004, reflecting the increase by 38% in the reference prices for domestic petroleum, which averaged US$ 41.85 (US$ 30.26 in 2004).

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

4. Payments to Governments

R$ million
    Fourth Quarter        Fiscal Year
3Q-2005    2005    2004    D%        2005    2004    D% 
                Country             
1.769    1.712    1.435    19    Royalties    6.366    5.020    27 
2.035    2.003    1.776    13    Special Participation    7.279    5.717    27 
18    58    20    190    Surface Rental Fees    110    87    26 
               
3.822    3.773    3.231    17    Subtotal    13.755    10.824    27 
               
188    249    105    137    Foreign    719    503    43 
               
4.010    4.022    3.336    21    Total    14.474    11.327    28 
               

The payments to governments in the Nation increased 28%, in comparison to 2004, reflecting the increase by 38% in the reference prices for domestic petroleum, which averaged US$ 41.85 (US$ 30.26 in 2004).

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