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This excerpt taken from the PBR 6-K filed Nov 19, 2009. 12.2 By type of asset
The equipment and facilities for petroleum and gas production, related to the respective developed wells are depreciated according to the monthly volume of production in relation to the proven and developed reserves of each producing field. The straight line method is used for assets with a useful life shorter than the life of the field or for assets that are linked to fields in various stages of production. Other equipment and assets not related to petroleum and gas production are depreciated according to their estimated useful life. Material expenses incurred with programmed stoppages for maintenance of the industrial units and ships, which include spare parts, dismantling and assembly services, amongst others, are recorded in Property, plant and equipment. This excerpt taken from the PBR 6-K filed Aug 18, 2009. 13.2 By type of asset
This excerpt taken from the PBR 6-K filed Jun 8, 2009. 13.2 By type of asset
This excerpt taken from the PBR 6-K filed Mar 31, 2009. 15.2 By type of asset
81 This excerpt taken from the PBR 6-K filed Nov 12, 2008. 12.2 By type of asset
The equipment and facilities for petroleum and gas production, related to the respective developed wells, are appreciated according to the monthly volume of production in relation to the proven and developed reserves of each field. The straight line method is used for assets with a useful life shorter than the life of the field or for assets that are linked to fields in various stages of production. Other equipment and assets not related to petroleum and gas production are depreciated according to their estimated useful life. Material expenditures incurred on scheduled stoppages for maintenance of the industrial units and vessels, which include the spare parts, and stripping and assembly services, amongst others, are recorded in the property, plant and equipment. The stoppages occur in programmed periods on average every four years and the respective expenses are depreciated as production costs until the next stoppage. This excerpt taken from the PBR 6-K filed Aug 13, 2008. 12.2 By type of asset
The equipment and fixtures relating to oil and gas production, captive to the respective wells developed, are depreciated according to the monthly production volume in relation to each production field’s proven and developed reserves. The straight-line method is used for assets with a useful life shorter than the life of the field or that are tied to fields at various stages of production. Other equipment and assets not related to oil and gas production are depreciated according to their estimated and useful life. Relevant spending incurred on scheduled stoppages to maintain the industrial plants and ships, which include spare parts, and assembly and disassembly services, among others, are registered in Property, Plant and Equipment. | EXCERPTS ON THIS PAGE:
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