Oil and natural gas production in September

Rio de Janeiro, October 18, 2017 – Petróleo Brasileiro S.A. – Petrobras reports
that its total oil and natural gas production in September was 2.79 million
barrels of oil equivalent per day (boed), with 2.68 million boed produced in
Brazil and 106 thousand boed produced abroad.

The average oil production in the country was 2.17 million barrels per day
(bpd), 2.8% above the volume of August. This result is due mainly to operations
getting back to normal, after the scheduled stoppage of FPSO Cidade de Itaguaí
and FPSO Cidade de Maricá, both operating in the Lula field, in Santos Basin
pre-salt.

The natural gas production in Brazil, excluding the liquefied volume, was 81.5
million m³/d, 2.0% above the previous month. This increase was also due to the
operation of the platforms, mentioned above, returning to normal. It is
important to emphasize that the utilization rate of the gas produced in the
platforms operated by Petrobras achieved, for the second consecutive month, a
new monthly record, reaching the mark of 97.0%.


Pre-salt production

In September, the oil and natural gas production operated by Petrobras
(wholly-owned and partner shares) in the pre-salt layer was 1.68 million boed, a
volume 6.6% above than the previous month. This result is also due to the
operation of FPSO Cidade de Itaguaí and FPSO Cidade de Maricá returning to
normal.


Oil and gas production abroad

In September, oil production in overseas fields was 64 thousand bpd, 3.3% above
the volume produced in the previous month. This increase was a consequence of
the production in the producing fields in the USA returning to normal, after the
passage of the Hurricane Harvey.

The natural gas production was 7.2 million m³/d, 6.9% below the volume produced
in August 2017. This performance resulted mainly due the reduction of production
of the Hadrian South field due to operational occurrences.


_______________________________________________________________________________________
www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department | e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947

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