Petroleo Brasileiro Petrobras : Pre-salt production breaks new record and reaches 428 thousand barrels of oil per day

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Rio de Janeiro, April 17, 2014 - Petróleo Brasileiro S.A. - Petrobras announces that on April 15, oil production in fields operated by Petrobras, in the area known as the Pre-salt Province, in the Santos and Campos Basins, reached the mark of 428 thousand barrels of oil per day (bpd), which represents a new daily production record.

This record resulted from increased output of platform P-58, which began operating on March 17 of 2014 in the area known as Parque das Baleias, in northern Campos Basin. P-58 has already been producing roughly 50 thousand bpd through three wells, all of which are from the pre-salt layer. Petrobras holds 100% of the rights in the area.

This new production level was achieved with 24 production wells, 15 of them in Campos Basin and nine in Santos Basin. These wells produced, 222 thousand bpd and 206 thousand bpd, respectively.

By the end of 2014, 15 more production wells will start up, 11 of them in Santos Basin and four in Campos Basin. Of this total, two wells are connected to FPSO Cidade de São Paulo, five to FPSO Cidade de Paraty, one to platform P-48 and three to platform P-58. All of these production systems are in place and in operation. In addition, two new wells will be connected to FPSO Cidade de Ilhabela and another two to FPSO Cidade de Mangaratiba, platforms which will be installed and start up at the second half of the year.