Oil and natural gas production in November


Rio de Janeiro, December 15, 2017 – Petróleo Brasileiro S.A. – Petrobras reports
that its total oil and natural gas production in October was 2.72 million
barrels of oil equivalent per day (boed), with 2.62 million boed produced in
Brazil and 99 thousand boed produced abroad.

The average oil production in the country was 2.13 million barrels per day
(bpd), 1,5% lower than the volume produced in October. This result was mainly
due to the maintenance stoppages of FPSO Cidade de Niterói, wich operates in the
Marlim Leste field, in Campos Basin.

The natural gas production in Brazil, excluding the liquefied volume, was 78.4
million m³/d, 2.3% lower than the previous month. This reduction was also a
result of the maintenance stoppages of FPSO Cidade de Niterói, as well as the
lower production of some onshore fields in Amazonas, due to the maintenance of
the compression system.

Pre-salt production hits a new daily record

In November, the oil production operated by Petrobras (wholly-owned and partner
shares) in the pre-salt layer achieved a new daily record, reaching 1.45 million
barrels on November 30.

The monthly production was 1.65 million boed, 1.5% higer than the previous
month. This result is mainly due to the growth of production of the Lula field,
in the pre-salt layer of Santos Basin, through the platform P-66.

Oil and gas production abroad

In November, oil production in overseas fields was 60 thousand bpd, 2.8% lower
than the volume produced in the previous month. This decrease was mainly because
of operational occurrences in the producing fields Lucius and Cascade, both in
Golf of Mexico.

The natural gas production was 6.8 million m³/d, 6.8% lower than the previous
month, due to operational occurrences in the Hadrian South field.

______________________________________________________________________________
www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department | e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947

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