Petrobras announces that, in February 2013, total production of oil and natural gas in Brazil reached 2,316 thousand barrels of oil equivalent per day (boed). Including the share operated by the company for its partners, total volume produced was 2,414 thousand boed, This volume corresponds to a 2.5% from December, indicating a 1.7% decrease compared to January.

Total volume produced by Petrobras in Brazil, plus the company's production overseas, averaged 2,557 thousand boed, which represents a 2.1% from the previous month.

In February, Petrobras' exclusive oil production (oil plus Natural Gas Liquids – NGL) in Brazil was 1,920 thousand barrels per day (bpd), result 2.3% lower than January. Including the share operated by the company for its partners in Brazil, this volume reaches 1,974 thousand bpd.

Scheduled Shutdowns

The in produced volume was primarily due to scheduled shutdowns on platforms of Campos Basin - P-37 (Marlim), P-53 (Marlim Leste) and P-54 (Roncador), besides maintaining the scheduled shutdown of P-33 (Marlim), initiated in January, whose greatest impact on production was felt in February.

The fall in production was partially offset by the start up of 3 new platforms: FPSO Cidade de São Paulo, on January, 5th, which operates the pilot project of Sapinhoá, in Santos Basin; EWT Sapinhoá Norte, also in Santos Basin, on February, 12th; and FPSO Cidade de Itajaí, set up in the southern post-salt area of Santos Basin, on February, 16th.

Natural Gas Production
Petrobras natural gas production – excluding liquefied natural gas - from Petrobras' fields in Brazil reached 62,860 thousand cubic meters (m³) per day. Total gas production in Brazil, including the share operated by the company for its partners, was 69,928 thousand m³ per day.

International Production
Total production overseas was 241,863 boed, corresponding to a 0.6% reduction from January. Of this total, 149,078 barrels of oil per day were produced, remaining production practically stable, with a 0.1% decrease compared to the previous month.

International natural gas production reached 15,764,000 cubic meters/day, which is 1.4% lower than the volume produced in January. The fall in production was due to lower demand for Bolivian gas.

Information to the Brazilian National Agency for Oil, Natural Gas and Biofuels (ANP)

Total production in Brazil in February 2013, as disclosed to the ANP, was 8.298.748,93 m³ of oil and 2.061.459,06 thousand m³ of gas. This amount corresponds to the total production of the concessions in which Petrobras is the operator. Shale, NGL volumes and third party production where Petrobras is not the operator are not included.