Oil and natural gas production in February


Rio de Janeiro, March 14th, 2017 – Petróleo Brasileiro S.A. – Petrobras informs
that its total oil and natural gas production in February totaled 2.82 million
barrels of oil equivalent per day (boed), from which 2.703 million boed were
produced in Brazil and 113 thousand boed abroad.

The average oil production in the country was 2.20 million barrels per day
(bpd), 1% lower than January. This result was mainly due to the scheduled
stoppage of FPSO Cidade de Paraty, located in Lula Nordeste field, in Santos
Basin pre-salt, and to the ending of the test phase of the Anticipated
Production System (SPA), which operated in Búzios field under the Transfer of
Rights Agreement. The SPA objective was to gather information about the behavior
of this field’s reservoirs.

In February, the production of natural gas in Brazil, excluding the liquefied
volume, was 80.2 million m³/d, 1% lower than the previous month, mainly because
of the scheduled stoppage of FPSO Cidade de Paraty.

Pre-salt Production

In February, the oil and natural gas production operated by Petrobras (own part
and third parties) in the pre-salt layer was 1.53 million boed. This volume
represents 41% growth compared to the production in February of 2016. Compared
to January of this year, however, this volume recorded a 3% reduction due to the
scheduled stoppage of FPSO Cidade de Paraty, located in Lula Nordeste field, in
Santos Basin pre-salt, and to the ending of the test phase of the SPA, in Búzios
field.

Gas and oil production abroad

In February, oil production in fields abroad was 63.5 million bpd, volume 8%
lower than the previous month. Natural gas production was 8.4 million m³/d, 3%
lower than the volume produced in January of 2017. This performance was mainly
due to the operational stoppage of fields Lucius and Hadrian South, in the U.S.,
because of distribution limitation, since it is performed through facilities
from third parties.



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Contacts:
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RJ | Phone: 55 (21) 3224-1510 / 3224-9947

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