🕐30.08.12 - 00:27 Uhr

PRESS RELEASE - OIL AND GAS PRODUCTION IN JULY 2012



Dear Mr/Mrs Ramin Farzanehfar,

 

 

Rio de Janeiro, August 29, 2012 – Petróleo Brasileiro S.A.

- Petrobras announces its oil and natural gas production in July, 2012.

Petrobras average production of oil and natural gas in July, in Brazil and overseas, totaled 2,554,263 barrels of oil equivalent per day (boed).

The output from fields located in Brazil was 2,314,871 boed.

Total production has decreased 1.12% relative to the previous month.

Overseas production reached 239,392 boed, which corresponds to a 2.13% reduction from June.

Of the total output in Brazil, 1,940,409 barrels per day consisted exclusively of oil.

The scheduled maintenance shutdown of P-8 platform located in Marimbá field in Campos Basin was one of the reasons for the 1% reduction in production.

Non-liquefied natural gas output was 59 million 535 thousand cubic meters, which represents a 1.2% reduction.

Petrobras international average production of oil in July was 147,014 barrels per day, which corresponds to a 1.06% decrease when compared to the previous month.

Natural gas production reached a total of 15 million 695 thousand cubic meters per day, a 3.94% decrease relative to June.

This reduction occurred due to lower demand of Bolivian gas, a gas compressor shutdown in Santa Cruz I and reduction in the El Tordillo field production, both in Argentina.
 

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

 
 
Sincerely,

Investor Relations.
 
. 

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www.petrobras.com.br/ir
Contacts: PETRÓLEO BRASILEIRO S.

A.

– PETROBRAS | Investor Relations Department
e-mail:
Av.

República do Chile, 65 – 10th floor, Room 1002 - 20031-912 - Rio de Janeiro, RJ
Phone: 55 (21) 3224-1510 / 3224-9947 | 0800-282-1540

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company’s management.

Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forward-looking statements.

These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company.

Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.

 




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