3R Petroleum preliminary unaudited production data for April 2023.

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for April 2023.

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(1) It does not consider gas production at the Areia Branca, Fazenda Belém and Papa Terra Clusters, as it is consumed in operations and/or reinjected into the reservoirs.

(2) Refers to the 35% interest held by 3R in the Pescada Cluster. (65% WI in transition phase).

(3) In April, approximately 60% of the gas produced at the Recôncavo Cluster was reinjected into the reservoirs.

(4) Refers to the 85% interest held by 3R in the Peroá Cluster (WI of 70% up to Aug/22).

(5) The asset’s production in the 4Q22 considers only nine days of operation. Refers to the 53.13% interest held by 3R in the Papa Terra Cluster.

3R is the operator of Macau, Areia Branca, Fazenda Belém, Rio Ventura, Recôncavo, Peroá and Papa Terra Clusters, and holds a 35% stake in the Pescada Cluster, the latter still operated by Petrobras. The consolidated average daily production of the eight Clusters mentioned above totaled 34,071 barrels of oil equivalent (boe) in April 2023, a record for the Company since the beginning of its operation. Of this total, the portion referring to 3R’s stake reached an average daily production of 25,000 boe.

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Regarding the operational performance of April 2023, the Company highlights that:

Potiguar Complex: production at the Potiguar Complex registered a decrease of 4.0% boe/d compared to the previous month (M/M). The performance is mainly justified by: (i) maintenance activities at the Guamaré Industrial Asset (located in the Potiguar Cluster), with consequent limitation of production flow, impacting the monthly production of assets in the Potiguar Basin, including the Macau Cluster, and (ii) operational interventions at the Macau Cluster, related to the asset’s oil-water separation plants and water injection systems.

Recôncavo Complex: production at the Recôncavo Complex increased by 4.0% boe/d M/M. The performance is explained by the higher gas production in the month, +7.3% boe/d, while oil production remained stable.

Peroá Cluster: production at the Peroá Cluster grew 12.2% boe/d M/M. This result reflects the increase in gas production at the asset, +11.2% boe/d M/M, in line with greater buyer demand under the take or pay agreement.

Papa Terra Cluster: production at the Papa Terra Cluster recorded significant growth, +5.1x or 411.7% boe/d M/M. This result comes from the resumption of production at the asset, after a stoppage during the period between the end of February and mid of March 2023, see material facts disclosed on February 28, 2023, and March 8, 2023. In April, offloading operations (transfer of stored oil to shuttle tankers) at the Papa Terra Cluster summed 376 thousand barrels of oil, invoiced by the subsidiary 3R Offshore.

Finally, the Company informs that Papa Terra Cluster is operating with production close to 16 thousand barrels of oil per day, through three wells (PPT-16, PPT-50 and PPT-51). Production from well PPT-17 was interrupted on April 23, 2023, due to mechanical problems in the pumping system (resumption of production estimated for 4Q23). On the other hand, the team is working on expanding the storage capacity of 3R-3 platform (FPSO), in order to connect another production well (PPT-37) to the asset.

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