Rio de Janeiro, December 16, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that its average oil and natural gas production in November in Brazil and abroad reached 2.71 million barrels of oil equivalent per day (boed), 1.8% below than the recorded in October, which was 2.76 million boed, a result of shutdowns of production units during the oil workers’ strike.

Despite the stoppages due to the strike movement, the Company confirms its production target of 2,125 million barrels per day of oil in Brazil for the year.

Oil and gas production in Brazil

The average oil production in Brazil in November was 2.07 million barrels per day (bpd), 1.4% lower than in the previous month, which was 2.10 million bpd.

Natural gas production in Brazil, excluding liquefied gas, was 71.7 million m3/day, 4% lower than the previous month (74.7 million m³/day).

Thus, the production of oil and natural gas from Petrobras in Brazil in November was 2.52 million boed, 1.9% below than recorded in October (2.57 million boed).

Oil and natural gas production operated in the Pre-salt increases 1.8% in November

In November, oil and gas production operated by Petrobras in the pre-salt layer increased 1.8% when compared to the previous month, reaching the daily average of 1.023 million boed. In October, the oil and gas production in the pre-salt was 1.005 million boed.

The oil production operated by Petrobras, the volume produced in the pre-salt layer in November averaged 820,000 bpd, an increase of 1.3% compared to October production, which was 809,000 bpd.

Oil and gas production abroad

Petrobras produced 190,000 boed abroad in November, 2.4% less than the 194,000 boed produced in the previous month. This reduction was chiefly due to the performance of cleaning operations the production lines in the Saint Malo field and the maintenance in the platforms of Lucius and Hadrian South fields, in the United States.

Oil production averaged 96,000 bpd in November, 3.7% lower than the 99,000 bpd recorded in the previous month, due to the aforementioned reasons.

Natural gas production abroad averaged 16.0 million m³/d, 1% down on the 16.1 million m³/d in the previous month.