Proved Reserves
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Proved Reserves SEC
Net Prove Reserves – SEC
2023
2022
2021
2020
2019
Crude Oil and NGL (MMbbl)
Brazil
9,210.4
8,908.0
8,416.7
7,533.9
8,090.5
International
17.8
18.0
18.7
18.4
65.6
Africa
0
0
0
0
41.6
South America
1.7
1.8
1.9
0.3
1.4
North America
16.1
16.2
16.8
18.1
22.7
Total Crude Oil and NGL (MMbbl)
9,228.3
8,926.0
8,435.4
7,552.3
8,156.1
Natural Gas (Bcf)
Brazil
9,335.2
9,087.8
8,473
7,546.7
8,392.7
International
169.1
178.7
184.1
33.4
212.6
Africa
0
0
0
0
47.2
South America
162.5
173.1
177
25.6
156.3
North America
6.5
5.7
7.1
7.8
9.2
Total Natural Gas (Bcf)
9,504.3
9,266.5
8,657.1
7,580.1
8,605.4
Crude Oil, NGL and Natural Gas (MMboe)
Total Brazil
10,873.1
10,422.7
9,828.9
8,791.7
9,489.3
International
47.9
47.8
49.4
24
101.1
Africa
0
0
0
0
49.5
South America
30.6
30.7
31.3
4.6
27.4
North America
17.3
17.1
18
19.4
24.2
Total Crude Oil, NGL and Natural Gas (MMboe)
10,921.0
10,470.5
9,878.2
8,815.7
9,590.4
Download the complete history of Proved Reserves SEC
1 - In 2015, historical data from 2009 to 2015 were updated including synthetic oil and gas. Since 2009, oil and synthetic gas has been included in the reserve disclosed to the SEC in FORM 20F, but only in 2015 did it begin to be recognized as a reserve under the criteria of ANP / SPE.
Proved Reserves ANP/SPE
Net Prove Reserves – SPE
2023
2022
2021
2020
2019
Crude Oil and NGL (MMbbl)
Total Brazil
9,311.6
9,029.8
8,624.8
7,889.8
9,412.1
International
17.9
18.1
18.8
19.5
65.2
Africa
0
0
0
0
41
South America
1.8
1.9
1.9
1.4
1.5
North America
16.1
16.2
16.8
18.1
22.7
Total Crude Oil and NGL (MMbbl)
9,329.5
9,047.9
8,643.6
7,909.3
9,477.2
Natural Gas (Bcf)
Brazil
9,854.4
9,469.1
9,695
8,897
10,286
International
179.8
182.0
192.2
207.3
259.6
Africa
0
0
0
0
46.7
South America
173.2
176.3
185.1
199.5
203.7
North America
6.5
5.7
7.1
7.8
9.2
Total Gás Natural (Bcf)
10,034.2
9,651.1
9,887.2
9,104.3
10,545.6
Total Natural Gas (Bcf)
Brazil
11,066.7
10,608
10,240.6
9,372.6
11,126.4
International
49.9
48.4
50.8
54
108.5
Africa
0
0
0
0
48.8
South America
32.6
31.3
32.8
34.6
35.5
North America
17.3
17.1
18.0
19.4
24.2
Total Crude Oil, NGL and Natural Gas (MMboe)
11,116.7
10,656.4
10,291.4
9,426.7
11,234.8
Download the complete history of Proved Reserves ANP/SPE
1 - Data based on the SPE reserve estimation criterion, which was implemented from 1998 onwards.
2 - For the years before 1998, a conversion rule was prepared, respecting the classification of reserves previously used by Petrobras. The previous code placed more emphasis on the volumetric aspect (certainty in the existence of volumes) than in the economic aspect (certainty in the economy of the reserve), presenting greater detail in the classification of the volumes of the proven reserves.
3 - The amounts presented by Petrobras refer only to its interests in the concessions, that is, the reserve volume corresponding to the percentage of participation, signed in a contract, with the other partners in a given production concession.
4 - As of 2015, with the change of the ANP regulations, the volumes of oil and synthetic gas of Shale are included in the volumes of the National Reserve.
National Historical Proved Reserves of Crude Oil, NGL and Natural Gas
National Historical Proved Reserves of Crude Oil, Stabilized Condensate
and Natural Gas – ANP/SPE Criteria
2023
2022
2021
2020
2019
Crude Oil (million bbl)
9,204.2
9,013.79
8,607.96
7,872.49
9,389.7
Crude Oil and Stabilized Condensate (million bbl)
9,311.6
9,029.80
8,624.81
7,889.82
9,412.06
Crude Oil and Stabilized Condensate (million m³)
1,480.4
1,435.63
1,371.24
1,254.34
1,496.35
Natural Gas (million boe)
1,755.1
1,578.18
1,615.83
1,482.83
1,714.33
Natural Gas (million m³)
279,044.1
250,910.27
256,897.49
235,743.81
272,548.95
Crude Oil, Stabilized Condensate and Natural Gas (million boe)
11,066.7
10,607.98
10,240.64
9,372.64
11,126.39
Crude Oil, Stabilized Condensate and Natural Gas (million m³)
1,759.5
1,686.54
1,628.13
1,490.09
1,768.90
Download the complete history of National Historical Proved Reserves of Crude Oil, NGL and Natural Gas
1 - Data based on the SPE (Society of Petroleum Engineers) criterion for estimating reserves, wich was implemented from 1998 onwards.
2 - "For years prior to 1998, a conversion rule was used, in line with the reserves classification method formerly adopted by Petrobras. The code used previously placed greater emphasis on volume (the certainty of the existence of volumes) rather than economic (certainty of the economic viability of the reserve) aspects, with greater detail in the classification of volume of proven reserves.
3 - The values shown by Petrobras report only to its interest in the concessions, that is the volume of the reserves corresponding to the percentage participation contractually established together with the other partners in a given production concession.
4 - From 2015, with the change of regulation of ANP, includes the volumes of oil and gas Shale in synthetic volumes of national reserve.
Proved Reserves SEC
| Net Prove Reserves – SEC | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Crude Oil and NGL (MMbbl) | |||||
| Brazil | 9,210.4 | 8,908.0 | 8,416.7 | 7,533.9 | 8,090.5 |
| International | 17.8 | 18.0 | 18.7 | 18.4 | 65.6 |
| Africa | 0 | 0 | 0 | 0 | 41.6 |
| South America | 1.7 | 1.8 | 1.9 | 0.3 | 1.4 |
| North America | 16.1 | 16.2 | 16.8 | 18.1 | 22.7 |
| Total Crude Oil and NGL (MMbbl) | 9,228.3 | 8,926.0 | 8,435.4 | 7,552.3 | 8,156.1 |
| Natural Gas (Bcf) | |||||
| Brazil | 9,335.2 | 9,087.8 | 8,473 | 7,546.7 | 8,392.7 |
| International | 169.1 | 178.7 | 184.1 | 33.4 | 212.6 |
| Africa | 0 | 0 | 0 | 0 | 47.2 |
| South America | 162.5 | 173.1 | 177 | 25.6 | 156.3 |
| North America | 6.5 | 5.7 | 7.1 | 7.8 | 9.2 |
| Total Natural Gas (Bcf) | 9,504.3 | 9,266.5 | 8,657.1 | 7,580.1 | 8,605.4 |
| Crude Oil, NGL and Natural Gas (MMboe) | |||||
| Total Brazil | 10,873.1 | 10,422.7 | 9,828.9 | 8,791.7 | 9,489.3 |
| International | 47.9 | 47.8 | 49.4 | 24 | 101.1 |
| Africa | 0 | 0 | 0 | 0 | 49.5 |
| South America | 30.6 | 30.7 | 31.3 | 4.6 | 27.4 |
| North America | 17.3 | 17.1 | 18 | 19.4 | 24.2 |
| Total Crude Oil, NGL and Natural Gas (MMboe) | 10,921.0 | 10,470.5 | 9,878.2 | 8,815.7 | 9,590.4 |
Download the complete history of Proved Reserves SEC
1 - In 2015, historical data from 2009 to 2015 were updated including synthetic oil and gas. Since 2009, oil and synthetic gas has been included in the reserve disclosed to the SEC in FORM 20F, but only in 2015 did it begin to be recognized as a reserve under the criteria of ANP / SPE.
Proved Reserves ANP/SPE
| Net Prove Reserves – SPE | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Crude Oil and NGL (MMbbl) | |||||
| Total Brazil | 9,311.6 | 9,029.8 | 8,624.8 | 7,889.8 | 9,412.1 |
| International | 17.9 | 18.1 | 18.8 | 19.5 | 65.2 |
| Africa | 0 | 0 | 0 | 0 | 41 |
| South America | 1.8 | 1.9 | 1.9 | 1.4 | 1.5 |
| North America | 16.1 | 16.2 | 16.8 | 18.1 | 22.7 |
| Total Crude Oil and NGL (MMbbl) | 9,329.5 | 9,047.9 | 8,643.6 | 7,909.3 | 9,477.2 |
| Natural Gas (Bcf) | |||||
| Brazil | 9,854.4 | 9,469.1 | 9,695 | 8,897 | 10,286 |
| International | 179.8 | 182.0 | 192.2 | 207.3 | 259.6 |
| Africa | 0 | 0 | 0 | 0 | 46.7 |
| South America | 173.2 | 176.3 | 185.1 | 199.5 | 203.7 |
| North America | 6.5 | 5.7 | 7.1 | 7.8 | 9.2 |
| Total Gás Natural (Bcf) | 10,034.2 | 9,651.1 | 9,887.2 | 9,104.3 | 10,545.6 |
| Total Natural Gas (Bcf) | |||||
| Brazil | 11,066.7 | 10,608 | 10,240.6 | 9,372.6 | 11,126.4 |
| International | 49.9 | 48.4 | 50.8 | 54 | 108.5 |
| Africa | 0 | 0 | 0 | 0 | 48.8 |
| South America | 32.6 | 31.3 | 32.8 | 34.6 | 35.5 |
| North America | 17.3 | 17.1 | 18.0 | 19.4 | 24.2 |
| Total Crude Oil, NGL and Natural Gas (MMboe) | 11,116.7 | 10,656.4 | 10,291.4 | 9,426.7 | 11,234.8 |
Download the complete history of Proved Reserves ANP/SPE
1 - Data based on the SPE reserve estimation criterion, which was implemented from 1998 onwards.
2 - For the years before 1998, a conversion rule was prepared, respecting the classification of reserves previously used by Petrobras. The previous code placed more emphasis on the volumetric aspect (certainty in the existence of volumes) than in the economic aspect (certainty in the economy of the reserve), presenting greater detail in the classification of the volumes of the proven reserves.
3 - The amounts presented by Petrobras refer only to its interests in the concessions, that is, the reserve volume corresponding to the percentage of participation, signed in a contract, with the other partners in a given production concession.
4 - As of 2015, with the change of the ANP regulations, the volumes of oil and synthetic gas of Shale are included in the volumes of the National Reserve.
National Historical Proved Reserves of Crude Oil, NGL and Natural Gas
| National Historical Proved Reserves of Crude Oil, Stabilized Condensate and Natural Gas – ANP/SPE Criteria |
2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Crude Oil (million bbl) | 9,204.2 | 9,013.79 | 8,607.96 | 7,872.49 | 9,389.7 |
| Crude Oil and Stabilized Condensate (million bbl) | 9,311.6 | 9,029.80 | 8,624.81 | 7,889.82 | 9,412.06 |
| Crude Oil and Stabilized Condensate (million m³) | 1,480.4 | 1,435.63 | 1,371.24 | 1,254.34 | 1,496.35 |
| Natural Gas (million boe) | 1,755.1 | 1,578.18 | 1,615.83 | 1,482.83 | 1,714.33 |
| Natural Gas (million m³) | 279,044.1 | 250,910.27 | 256,897.49 | 235,743.81 | 272,548.95 |
| Crude Oil, Stabilized Condensate and Natural Gas (million boe) | 11,066.7 | 10,607.98 | 10,240.64 | 9,372.64 | 11,126.39 |
| Crude Oil, Stabilized Condensate and Natural Gas (million m³) | 1,759.5 | 1,686.54 | 1,628.13 | 1,490.09 | 1,768.90 |
Download the complete history of National Historical Proved Reserves of Crude Oil, NGL and Natural Gas
1 - Data based on the SPE (Society of Petroleum Engineers) criterion for estimating reserves, wich was implemented from 1998 onwards.
2 - "For years prior to 1998, a conversion rule was used, in line with the reserves classification method formerly adopted by Petrobras. The code used previously placed greater emphasis on volume (the certainty of the existence of volumes) rather than economic (certainty of the economic viability of the reserve) aspects, with greater detail in the classification of volume of proven reserves.
3 - The values shown by Petrobras report only to its interest in the concessions, that is the volume of the reserves corresponding to the percentage participation contractually established together with the other partners in a given production concession.
4 - From 2015, with the change of regulation of ANP, includes the volumes of oil and gas Shale in synthetic volumes of national reserve.
