Oil and natural gas production in June


Rio de Janeiro, July 17, 2017 - Petróleo Brasileiro S.A. – Petrobras reports
that its total oil and natural gas production in June was 2.81 million barrels
of oil equivalent per day (boed), of which 2.70 million boed produced in Brazil
and 113 thousand boed produced abroad.

The average oil production in Brazil was 2.20 million barrels per day (bpd), a
volume 0.6% higher than in May. This result is due mainly to the return to
production after scheduled stoppage of platform P-43, in the Barracuda and
Caratinga fields, in Campos Basin, and FPSO Cidade de Mangaratiba, in the Lula
field, in Santos Basin’s pre-salt.

In June, natural gas production in Brazil, excluding the liquefied volume, was
80.3 million m³/d, 1.8% above the previous month. This increase is due mainly to
the return to production of FPSO Cidade de Mangaratiba.

Production in the pre-salt reaches new records.

In June, oil production operated by Petrobras (own share and partners), in the
pre-salt layer, hit two new records: the monthly record, at 1.35 million bpd,
and the daily record, achieved on June 19, at 1.42 million barrels. In addition,
operated oil and natural gas production reached the new record of 1.69 million
boed.

These results are due mainly to the production start at platform P-66, in the
Lula field, and the entry into production of new producer wells throughout 2017
on FPSOs Cidade de Caraguatatuba, Cidade of Ilhabela, Cidade de Maricá, Cidade
de Mangaratiba and Cidade de Saquarema - all of them installed in Santos Basin.

Oil and natural gas production abroad

In June, oil production in overseas fields was at 65 thousand bpd, a volume 0.1%
higher than the previous month.

Natural gas production was 8.1 million m³/d, 13% below the volume produced in
May 2017. This reduction was mainly the result of lower demand for gas
production in Bolivia and production drop in the Hadrian South field, in the
USA.


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

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