We participated in the opening ceremony of the 2016 Rio Oil & Gas

We have reason to have a "cautious and justified hope that we have been put back on a path of steady and consistent recovery," said our CEO, Pedro Parente, at the opening ceremony of the Rio Oil & Gas Expo and Conference, on Monday, in Rio de Janeiro. To him, the oil and gas industry can respond quickly to stable rules in the sector. "I can state without a doubt that many billions of dollars await only for proper and stable rules to start flowing. Petrobras and its partnership and divestments program alone will account for investments of around $95 billion over the next five years - of which $75 billion own and $20 billion of partners," he noted.

Petrobras’ oil and natural gas output up 1.4% in September

Our total oil and natural gas output in September was 2.88 million barrels of oil equivalent per day (boed), of which 2.75 million boed produced in Brazil, while 130,000 boed abroad. This is a 1.4 percent increase in the company's total production compared to August. The total oil and gas output in Brazil is a new monthly record, having surpassed the 2.72 million boed achieved in August 2016. The average oil output in the country, which added up to 2.24 million barrels per day (bpd) in September, also set a new record.