Oil and Natural Gas Production up in July

Read the announcement (8/18/2015): Petrobras' average oil and natural gas production rose 1.8% in July compared to the previous month and reached 2.796 million barrels of oil equivalent per day (boed). The Company produced 2.746 million boed in June. Production is up 3.6% on July 2014 (2.699 million boed). On July 8, Petrobras set a new daily oil production record in the pre-salt layer: 865,000 barrels per day (bpd). This production does not include natural gas extraction. Monthly production was 798,000 bpd, 6.9% higher than the existing record for June.

Additional Information about the Initial Public Offering of Petrobras Distribuidora

Pursuant to CVM Instruction 480/09, Petrobras has published, in the Brazilian Securities and Exchange Commission (CVM) system, an acknowledgement relating to the meeting of the Board of Directors held on August 6, 2015, which resolved on the following issues related to the IPO of Petrobras Distribuidora (BR): (i) the recommendation that BR submit a request to the CVM for registration as a category “A" publicly-held company and submit an application to the BM&FBOVESPA for the trading of securities on the Novo Mercado segment;

Our net income in the 1H-2015 was R$ 5.9 billion

Net income was R$ 5,861 million in the 1H-2015, 43% lower than in the 1H-2014 due to higher net finance expenses and to the recognition of tax expenses with respect to the tax on financial operations (Imposto sobre Operações Financeiras - IOF), partially offset by a higher gross profit (26%), resulting from higher margins in sales of oil products in the domestic market and increased crude oil export volumes driven by a 9% increase in domestic crude oil production, despite the decrease in domestic demand for oil products.

Our production start-up in Iracema Norte

The Cidade de Itaguaí platform came into operation on Friday (July 31), kicking off production at the Iracema Norte project. The Iracema Norte area is located in the Lula field, in the Santos Basin pre-salt area, off the coast of Rio de Janeiro.