Oil and natural gas output up by 1.2% in November

Rio de Janeiro, December 30th, 2013 – Petróleo Brasileiro S.A.

– Petrobras announces that in November, Petrobras’ total oil and natural gas output in Brazil was 2,342,000 barrels of oil equivalent per day (boed), up 1.2% from the 2,315,000 boed extracted a month earlier.

Including the share operated by Petrobras for its partners, the rise in relation to October was 1.9%.

Oil output exclusively from Petrobras’ fields in Brazil averaged 1,957,000 barrels per day (bpd), remaining within the range of October’s output of 1,960,000 bpd.

The new monthly and daily pre-salt output record of 339,100 bpd and 362,300 bpd, respectively, contributed to the stable oil output in November, in addition to the start-up of platform P-63 in the Campos Basin Papa-Terra field, which took place on November 11.

It is also important to highlight the start-up of  new wells interconnected to the platforms P-26, in Marlim, and P-53, in Marlim Leste, as part of the complementary development of these fields, in Campos Basin.

Also in November started the Extended Well Test (EWT) of Lula Extremo Sul, in Santos Basin pre-salt, through the FPSO Cidade de São Vicente.

Continuing the actions to increase operational efficiency in Campos Basin, the company held, during the month, scheduled maintenance stoppages in the platforms of Northeast Polo, FPSO Cidade de Anchieta and P-53.

The platform P-55, in Roncador field, at Campos Basin, with daily processing capacity up to 180,000 barrels of oil and up to 4 million cubic meters of natural gas, is in final preparations to start-up production.

Moreover, platform P-58 anchoring activities are currently underway in the complex denominated Parque das Baleias (Whales Park), in Espírito Santo portion of the Campos Basin.

The platform P-62 left today, December 30, to its final location in the Campos Basin.

The platform P-61 will leave tomorrow, December 31, in the morning, also for its location in the Campos Basin, while the TAD (Tender Assisted Drilling) is currently navigating towards Brazilian waters.

Natural gas output

In November, Petrobras’ natural gas output in Brazil was 61,296,000 cubic meters per day, up 8.3% from the output of 56,581,000 cubic meters per day a month earlier.

Including the share operated by Petrobras for its partners, the volume reached 68,794,000 cubic meters, with a rise of 8.5% in relation to October.
The end of scheduled stoppages in Merluza and Mexilhão platforms, in Santos Basin, contributed to the natural gas output increase, in addition to the interconnection of the Operation Module of Pigs-1 (MOP-1), in Espírito Santo.

It is a platform with the propose of cleaning and inspection the internal pipelines.

Also in November, the E&P Operations Unit at Amazon reached the record in gas delivery, achieving the volume of 4,232,000 cubic meters per day.

It was the first time that this index reached levels higher than 4,000,000 cubic meters per day, mainly driven by increased demand for gas in the thermoelectrics of the region.

Output abroad

In November, total oil and natural gas extraction abroad was 194,078 boed, down 2.8% from the output of 199,760 boed a month earlier.

This decrease was due to the production shutdown on the US’s Cascade and Chinook fields for the installation of power umbilicals and subsea pumps as well as to the maintenance shutdown at the Sábalo plant, on Bolivia’s San Antonio field.

Of this total, natural gas output was 14,944,000 cubic meters per day, down 3.2% from October’s output.

In November, oil output exclusively from Petrobras’ fields abroad was 106,122 bpd, 2.5% lower than October.

Information to the ANP

The total output reported to Brazil’s National Petroleum Agency (ANP) was 9,155,280.80 m3 of oil and 2,175,786,018 m3 of gas in November of 2013.

This output corresponds to the total output of the concessions where Petrobras is the operator.

It does not include volumes of shale-extracted oil, natural gas liquid (NGL) and partners’ output where Petrobras is not the operator.

Click here for further information on Petrobras’ production for the month of  November.

Sincerely,  

Investor Relations. 

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