Rio de Janeiro, November 17, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its average oil and natural gas production in October in Brazil and abroad reached 2.76 million barrels of oil equivalent per day (boed), 1.6% higher than the 2.72 million boed recorded in September.

Considering the volumes produced in Brazil only, oil and natural gas production averaged 2.57 million boed in October, 1.6% higher than in the previous month (2.53 million boed).

Oil and gas production in Brazil

Petrobras’ own production in Brazil totaled 2.10 million barrels of oil per day (bpd) in October, 2.1% higher than in September (2.06 million bpd).

This increase reflected the end of the scheduled maintenance stoppages in the large platforms in September.

Own natural gas production in Brazil, excluding liquefied gas, totaled 74.7 million m3/day in October, in line with September (75.0 million m³/day).

Pre-salt production remained above 1 million barrels of oil equivalent per day

Oil and gas production operated by Petrobras in the pre-salt layer remained above 1 million boed in October, with an average volume of 1.005 million boed, slightly lower (2.3%) than in September (1.028 million boed).

Oil production operated by Petrobras in the pre-salt stood at 809,000 bpd, slightly less (2.3%) than in September (828,000 bpd).

Oil and gas production abroad

Petrobras produced 194,000 boed abroad, 3.4% more than the 188,000 boed produced in the previous month. This increase was chiefly due to the performance of the new wells in the Rio Neuquén field, in Argentina, and the conclusion of cleaning operations in the export gas pipeline in the Akpo field, in Nigeria.

Oil production averaged 99,000 bpd in October, 2.8% higher than the 97,000 bpd recorded in September, due to the aforementioned reasons.

Natural gas production abroad averaged 16.1 million m³/d, 4.1% up on the 15.5 million m³/d recorded in the previous month, due to the performance of the new wells in the Rio Neuquén field, in Argentina.