PetrobrasOil and natural gas production in September

Rio de Janeiro, October 26, 2018 – Petróleo Brasileiro SA – Petrobras informs that in September its total production of oil and gas, including natural gas liquids (NGL), was 2.47 million barrels of oil equivalent per day (boed), 2.35 million boed produced in Brazil and 125 thousand boed abroad.

The total operated production of the company (Petrobras and partners’ share) was 3.18 million boed, with 3.02 million boed in Brazil.

Total oil and gas production remained stable compared to the previous month, with a reduction in the oil production mainly due to the maintenance stoppage of the P-57 platform, located in the Jubarte field, and P-52, located in the Roncador field, both located in the Campos Basin, which was compensated with an increase in gas production mainly due to the production normalization of the Mexilhão platform.

It should be noted that the company achieved the monthly record of utilization of the gas produced of 97.1%.

The tables below detail the production values.

Petrobras Total Production Brazil + Abroad (millions boed)

August

2018

September

2018

Monthly variation

Cumulative 2018

Target

2.47

2.47

0%

2.6

2.7

Petrobras oil production Brazil (millions bpd)

August

2018

September

2018

Monthly variation

Cumulative 2018

Target

1.92

1.88

-2%

2.0

2.1

Petrobras maintains its commitment to the production target disclosed in the 2018-2022 Business and Management Plan, considering the ramp-up production of the platforms that have already started operations this year (P-74, in the Búzios field, FPSO Cidade de Campos, in the Tartaruga Verde field and P-69, in Lula field) and the beginning of the production of new systems expected until the end of 2018.

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