Rio de Janeiro, October 8, 2015 - Petróleo Brasileiro S.A. - Petrobras, complementing the Material Fact disclosed to the market on October 5 regarding adjustments to the 2015-2019 Business and Management Plan (PNG 2015-2019), hereby informs the exchange rate and the Brent crude oil price on which the new projections for investments and costs were based:
Brent oil price (US$/barrel)
PNG 2015-2019 | Current projection | |
2015 | 60 | 54 |
2016 | 70 | 55 |
Exchange rate (R$/US$)
PNG 2015-2019 | Current projection | |
2015 | 3.10 | 3.28 |
2016 | 3.26 | 3.80 |
The lower investments and manageable operating expenses reflect the effect of changes in the exchange rate and reduced activities and optimizations.
Lastly, Petrobras further informs that regarding a new Business and Management Plan within a 5-year horizon any fact deemed as material on this subject will be timely disclosed to the market.
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