Rio de Janeiro – November 12, 2015 – THIRD QUARTER OF 2015 RESULTS – Reviewed by independent auditors, stated in millions of Reais, prepared in accordance with International Financial Reporting Standards – IFRS issued by the International Accounting Standards Board – IASB (a free translation of the original in Portuguese).
. Net income was R$ 2,102 million in Jan-Sep/2015, 58% lower than in Jan-Sep/2014. Loss of R$ 3,759 million in the 3Q-2015.
. Operating income was R$ 28,635 million in Jan-Sep/2015, 149% higher than in Jan-Sep/2014.
. Adjusted EBITDA was R$ 56,795 million in Jan-Sep/2015, 45% higher than in Jan-Sep/2014.
. Net debt was US$ 101,273 million as of September 30, 2015, a 5% decrease when compared to December 31, 2014.
. The average maturity of outstanding debt increased from 6.10 years as of December 31, 2014 to 7.49 years as of September 30, 2015.
Net income
R$ -3.8 billion
Production
2,800 Mbbl/d
Adjusted EBITDA
R$ 15.5 million
See…
Brazil Energy Insight 
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