Oil and natural gas production in February

Petrobras’s total oil and natural gas production in February stood at 2 million 801 thousand barrels of oil equivalent

Rio de Janeiro, March 19, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its total oil and natural gas production in February 2015 was 2 million 801 thousand barrels of oil equivalent per day (boed), down 1.5% from January (2 million 845 thousand boed). Of this production, 2 million 612 thousand boed were produced in Brazil and 189 thousand boed abroad.

Oil and natural gas production in Brazil was 2 million 612 thousand boed

Total oil and natural gas production in Brazil in February 2015 was 2 million 612 thousand boed, down 1.8% from January (2 million 661 thousand boed).

Total production operated by Petrobras in Brazil was 2 million 854 thousand boed.

Petrobras’s oil production in Brazil was 2 million 146 thousand barrels per day (bpd), down 2.1% from January’s production of 2 million 192 thousand bpd. Oil production operated in Brazil (including the share operated for partner companies) was 2 million 319 thousand bpd, down 2.1% from last month (2 million 370 thousand bpd).

The slight drop in production in February was primarily due to the planned maintenance shutdowns of platforms P-19, in Marlim field and P-58, in Parque das Baleias, both in Campos Basin; and of FPSO Cidade de Angra dos Reis, in Lula field, in Santos Basin. The production drop associated with these shutdowns was partially offset by the start-up in February of seven new offshore wells in the Campos and Santos Basins.

New pre-salt records

New production records were set in February for the Santos and Campos Basins pre-salt layer: a daily own production record of 555 thousand bpd, and an operated production record of 737 thousand bpd, were set on the 26^th.

Natural gas utilization record

Petrobras’s natural gas production in Brazil, excluding liquefied gas, was 73.968 million m³/day in February, down 0.8% from January. Non-liquefied gas production, including the share of partner companies, was 84.958 million m³/day.

A historic natural gas utilization monthly record was set in February by utilizing 96.5% of the gas produced in Brazil, surpassing the previous record of 96.3% from September 2013.

Production abroad in February is 189 thousand boed

In February, 189 thousand boed were produced abroad, up 2.7% from January’s production of 184 thousand boed. This includes oil and natural gas.

Average oil production in February stood at 100 thousand bpd, up 2.1% from January’s production of 98 thousand bpd primarily due to the start-up of new production wells at the Saint Malo and Lucius fields in the United States.

Average natural gas production abroad was 15.016 million m³/day, up 2.5% from January’s production of 14.646 million m³/day. This rise was due to higher production at the Sábalo field, San Antonio block, in Bolivia.

www.petrobras.com.br/ir

Contacts:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I e-mail: petroinvest@petrobras.com.br

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