Petrobras – Oil and natural gas production in November

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Rio de Janeiro, December 27, 2018 – Petróleo Brasileiro SA – Petrobras informs that in November its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed), 2.52 million boed produced in Brazil and 100 thousand boed abroad.

The total operated production of the company (Petrobras and partners’ share) was 3.28 million boed, with 3.15 million boed in Brazil.

In relation to October, there was a slight reduction mainly due to maintenance stoppages of the FPSO Cidade de Ilhabela, located in the Sapinhoá field, in the Santos Basin pre-salt, and of the platforms P-18 and P-37, located in the Marlim field, in the Campos Basin. Of note in November is the start-up of the P-75 platform, the second unit installed in the Buzios field, in the pre-salt of the Santos Basin.

The tables below detail the production values.

Petrobras Total Production Brazil + Abroad (millions boed)

October

2018

November

2018

Monthly variation

Cumulative 2018

Target

2.66

2.62

-2%

2.6

2.7

Petrobras oil production Brazil (millions bpd)

October

2018

November

2018

Monthly variation

Cumulative 2018

Target

2.04

2.01

-1%

2.0

2.1

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