Petrobras are the company that acquired, (May 14), the largest number of blocks offered under the 11th Bidding Round organized by the National Petroleum Agency (ANP). We acquired, in whole or in partnerships, 34 of the 289 blocks put up for auction. In our technical staff's opinion, we also acquired the blocks with the most exploration potential offered by the agency, which are located in Foz do Amazonas, Espírito Santo, and Barreirinhas basins. In our strategy to acquire onshore blocks, we invested primarily in the Parnaíba Basin, seeking natural gas accumulations.

The total amount we and our partners invested in the 11th round was R$1,460.9 million, of which R$537.9 million were with our own funds, and R$923 million coming from partners. The outcome of the auction will also broaden the knowledge on the geology of sedimentary basins in the blocks that were acquired, with the drilling of wells and by acquiring large volumes of seismic data, thus increasing the chance of discovering new oil and gas accumulations. For this end, important partnerships were formed in all offshore blocks that were acquired.

Our strategy in the bid was successful, and was aligned with the objectives set out in our 2013-2017 Business and Management Plan, which is to incorporate new exploration areas for a continuous recomposition of our portfolio in order to ensure the volumes of oil and natural gas needed for the sustainability of the future production curve.