Indicative Schedule

Event Date OK Offered Basins Announced 18/09/2008 Preliminary Tender Protocol and Licensing Agreement Draft Publication 02/10/2008 Data Package Available (1) 03/10/2008 Public Hearing Session (Rio de Janeiro) 14/10/2008 Enviromental/Technical Seminar 15/10/2008 Legal Seminar 16/10/2008 Deadline for receiving contributions to the Preliminary Tender Protocol 22/10/2008 Final Tender Protocol and Licensing Agreement Publication 30/10/2008 Documents presentation deadline (2) 14/11/2008 21/11/2008 (6) Participation fees submission deadline 15/12/2008 Warranties submission deadline (3) 15/12/2008 18/12/2008 (7) Bidding Sessions (4) 18 e 19/12/2008 Licensing Agreements Signature (5) April/2009 (8) June/2009(9)(10)

Notes:
This Schedule is indicative only. The ANP reserves the right to modify or suspend it, advertising it properly.

(1) As per payment of participation fees and analysis of documentation for expression of interest.

(2) Company must, up to this date, submit all documents required for qualification. After deadline, submission of documentation will only be permitted upon request to the ANP, in replacement for the documentation submitted previously.

(3) The ANP requests, for the purposes of confirmation of guarantees, that they must be submitted up to the date specified. Effective date for the Bid Bond (ANNEX VII) is 12/18/2008. Expiry date of the Bid Bonds (ANNEX VII) is 06/16/2009.

(4) Registration to the event of bidding process is starts on 12/17/ 2008.

(5) Deadline for delivery of documentation referring to the execution of Concession Agreements is April 2009.

(6) Extended period, according to publication on November, 14th

(7) Extended period, according to publication on December, 16th

(8) Deadlines for the agreements´ signatures.

(9)Extended period, according to publication on April, 1st.

(10) Bid bonds renovation, according to decision published on April, 15th.