Petrobras' Domestic Output Rides High for February

Petrobras' average oil and gas production in Brazil, in February, topped out at 2,247,707 barrel equivalents per day (boed), 5.6% more than a year ago and 1.3% above last month's mark. The exclusive domestic field oil production, of 1,940,343 barrels/day, was 6.5% higher than the same month a year ago and 0.9% more than the 1,922,946 barrels/day extracted in January 2009. Both the total production (oil and gas) and the exclusive oil production set monthly records.

The positive difference of 17,000 barrels/day took place in the Campos Basin, driven by the increased production of platforms P-51 (Marlim Sul) and P-54 (Roncador). The previous monthly record, set in January 2009, was 1,922,945 barrels per day. The daily production record was broken on March 4, when 2,012,654 barrels were lifted.

Considering the fields in Brazil and abroad, the Company's total oil and natural gas production last February reached the daily average of 2,474,680 barrels of oil equivalent (boe). This was 5.2% more than in February 2008 and 1.7% more than the total volume extracted in the first month of this year from the Petrobras' fields in Brazil and abroad.

The volume of oil and natural gas coming from the eight countries where Petrobras has production assets, in barrels of oil equivalent, rose to 226,973 boed, 5.6% more than the previous month's mark and 2% more than the February 2008 production, due, mainly, to increased production in Argentina and in Nigeria.

Natural gas production in the domestic fields reached 84.867 million cubic meters per day in February, remaining at the same production levels of January 2009 and February 2008, keeping pace with the lower domestic demand in the first couple months of the year.

Natural gas production abroad reached 16.855 million cubic meters, a 6.9% increase compared to the previous month, and 3.6% less than a year ago. The international variation derived from the decreased production in Bolivia caused by the lower demand imposed on the Bolivia-Brazil Gas Pipeline.


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