Rio de Janeiro, October 14, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the consortium responsible for the Libra area, in the pre-salt of Santos Basin, has concluded the drilling of well 3-BRSA-1310-RJS, located in the central portion of the block.

This well identified the presence of hydrocarbons in a low-porosity reservoir, providing important information for the ongoing appraisal campaign of this structure. This is the fourth well drilled in the Libra area. In addition, the consortium is drilling in two other locations: the 3-RJS-739A well, in the northwest area of the block, has already found carbonate reservoirs with oil and is undergoing coring operations (collection of reservoir samples); and in the 3-RJS-741 well, in the North, that drilling has just begun.

The Libra block was acquired in October 2013 and activities related to the Exploration Phase are ongoing. An FPSO (Floating, Production, Storage and Offloading) with a capacity of 50 kbbls of oil and 4 million m3/day of gas has already been hired for deployment in extended well tests. Additionally, another FPSO with a capacity of 180 kbbls of oil and 12 million m3/day of gas is being tendered for the Libra Pilot Project.

The Libra Consortium is comprised of Petrobras (Operator, with 40%), Shell (20%), Total (20%), CNPC (10%), CNOOC (10%) and PPSA (as contract manager).