PBR.A Petroleo Brasileiro ADR

In March 2015, output operated by Petrobras in the pre-salt layer of the Santos and Campos Basins, which includes the share operated for its partner companies, broke a new record and averaged 672,000 barrels of per day (bpd) a month, up 0.5% from the previous record of 669,000 bpd set in January 2015. This volume represents a 70% rise from March’s 2014 output of 395,000 bpd.

Innovative pre-salt technology – On March 26, Petrobras started-up the first riser (ascending pipe) set up in the Santos Basin pre-salt using the Steel Lazy Wave Riser (SLWR) concept. It entails a steel pipe equipped with a set of buoys that form a bend at a particular section of the equipment aimed at buffering impacts caused by the production platform’s movement.

This is just one of the technologies comprising the set of innovations employed by Petrobras in the pre-salt and recognized by the OTC (Offshore Technology Conference) Award 2015, conferred upon the oil and gas company making the greatest contributions to the technological development of the worldwide offshore industry.

SLWR was set up on well 7-SPH-007, at a water depth of 2,140 meters, a record depth for this type of technology. The equipment connects well 7-SPH-007 to FPSO Cidade de Ilhabela, in the northern section of Sapinhoá field in the Santos Basin pre-salt. This well has reported the highest output per well in the pre-salt layer at a flow of approximately 40,000 barrels per day.

Output abroad

In March, 189,900 barrels of oil equivalent per day (boed) were produced abroad, up 0.6% from 188,700 boed produced last month.

Average oil output in March was 101,900 barrels of oil per day (bpd), up 1.6% from 100.400 bpd produced last month mainly due to the start-up of new production wells at Saint Malo and Lucius in the United States.

Average natural gas output abroad, excluding liquefied volume, was 15 million m³/d, remaining stable when compared to February’s output of 15,016,000 m³/d.

www.petrobras.com.br/ir

Contacts:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I 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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