Oil and natural gas production in June

Rio de Janeiro, July 11, 2016 – Petróleo Brasileiro S.A. (Petrobras) announces that its total oil and natural gas production in June was 2.90 million barrels of oil equivalent per day (boed), a new monthly record for the company, beating its previous record of 2.88 million boed, set in August 2015. June’s output was up 2% from the amount produced in May (2.83 million boed). Of the total amount, 2.70 million boed were produced in Brazil and 0.2 million boed were produced abroad.

Petrobras’ total oil and gas output in Brazil in June, 2.70 million boed, is also a monthly record, up from 2.69 million boed in August 2015.

Average oil production was 2.30 million barrels per day (bpd) in June, up 2% from 2.24 million bpd the previous month. Of this total, 2.20 million bpd were produced in Brazil and 0.1 million bpd were produced abroad.

This volume of oil produced in June in Brazil is the third highest average monthly output recorded by Petrobras. The growth in this amount from the previous month was mainly due to the startup of new wells connected to the Cidade de Maricá and Cidade de Itaguaí FPSOs, in Lula field, in the Lula Alto and Iracema areas, respectively.

Pre-salt production rises 8% from May, setting a new record

In June, oil and natural gas production operated by Petrobras in the pre-salt layer increased 8% from the previous month, setting a new monthly record of 1.24 million boed.

Oil production operated by Petrobras (both its own and its partners’ shares) in this province in June was also a monthly record, reaching an average of 999,000 bpd, up 8% from the previous month. Petrobras set a new daily record on June 30, producing 1.087 million barrels.

Natural gas production

Output of natural gas in Brazil, not including liquefied gas, was 78.8 million m³ per day, up 3% from 76.4 million m³ per day the previous month.

Average natural gas production abroad was 17.2 million m³ per day, down 4% from 17.9 million m³ per day the previous month.

www.petrobras.com.br/ir

Contacts:

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

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

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