Petrobras America Revenue and Competitors

Petrobras is an integrated energy company engaged in exploration and production, refining, commercialization, transportation, petrochemicals, distribution of oil products, natural gas, biofuels and electricity. With operations in more than 20 countries, we face and overcome constant challenges brought about by the complex dynamics of our global industry to achieve leadership in technology and in ultra-deepwater operations. Petrobras America is a partner in five ultra-deepwater fields currently producing in the U.S. Gulf of Mexico. In the Walker Ridge area, the Cascade and Chinook fields began producing in 2012, while St. Malo started up in late 2014. In the Keathley Canyon area, Hadrian South and Lucius both began producing in the first quarter of 2015. Cascade and Chinook, where Petrobras is the operator, both produce to the first FPSO approved for use in the U.S. Gulf of Mexico. We also have an extensive background in oil refining, with 17 refineries. We bring this experience with us to our operations at Pasadena Refining, located on the Houston Ship Channel with a crude oil capacity of just over 100,000 barrels per day.