The term guaranteed in — Petrobras” investments are guarante...

Para responder às questões de números 47 e 48, leia o texto.

Petrobras" investments are guaranteed until 2013

SÃO PAULO, 6/30/09 — The financial and investor relations director of Brazilian mixed-capital oil giant Petrobras, Almir Barbassa, said Monday that the company's investment plan is guaranteed until 2013.

Barbassa also mentioned that the company has been cutting down on costs and investments in order to ensure the exploration of the subsalt reserves. The executive pointed out that Petrobras” operating costs fell by 30% in the final quarter of 2008.

“We are also trying to cut down the equipment that will be used in the subsalt platform and lower labor costs by investing in automation”, Barbassa added.

Petrobras already has over US$30 billion in financing for its future oil and gas exploration and refining and gas transport infrastructure projects. “Petrobras expects to produce 5.7 million barrels of oil equivalent a day (boed) by 2020”, he added.

The 2009 production target is 2.7 million boed.

(www.indexet.investimentosenoticias.com.br/arquivo/2009/06/30/26/Petrobras-investments-are-guaranteed-until-2013.html)