Petroleo Brasileiro Petrobras : Petrobras Starts Production of P-77, the fourth platform of Búzios field, in the pre-salt of Santos Basin

Rio de Janeiro, March 19 , 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started today the production of oil and natural gas of P-77, the fourth platform to be put into production in the Búzios field.

Búzios field, in the pre-salt of the Santos Basin, was discovered in 2010 and is the main field under the Transfer of Rights Agreement. The field started production in April 2018 and currently has 4 platforms in production.

In line with Petrobras' Strategic Plan, P-77 is the third platform to be put into production in 2019, out of four platforms planned for production this year.

With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million cubic meters of natural gas, P-77 will contribute to the growth of Petrobras' production in 2019.

The FPSO (floating unit for production, storage and offloading of oil and gas) is located approximately 200 km off the Rio de Janeiro's state coast, at a water depth of 1,980 meters. The project provides for its interconnection to nine production wells and eight injection wells. Drainage of oil production shall be made through lifting vessels, while the production of gas shall be drained by the routes of the pre-salt gas pipelines.