BRASIL: Petrobras Reserves FELL 1.5% In 2009.

LAHT/
Despite massive offshore finds, Petrobras reported that its PROVEN reserves of crude and natural gas fell by 1.5 % in 2009 to 14.87 billion barrels of oil equivalent. Petrobras said “the pre-salt discoveries in the Santos basin are under evaluation and therefore are not contributing to the 2009 results.”