August 2020 Operational Data

Rio de Janeiro, September 8, 2020 - Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August.

Daily Production (boepd)

Month

Polvo

Frade(1)

TBMT (80%)

Manati (10%)

Total

January

8,290

13,438

-

2,226

23,954

February

8,103

13,403

-

1,552

23,058

March

9,434

13,837

-

3

23,274

1Q20

8,620

13,563

-

1,254

23,437

April

10,629

13,833

-

3

24,464

May

9,949

13,294

-

413

23,657

June

7,759

13,013

-

1,705

22,477

2Q20

9,446

13,380

-

707

23,533

July

8,920

12,835

-

1,455

23,211

August

10,681

12,908

8,161(2)

1,569

33,319

Offtakes (bbl)

Month

Polvo

Frade

TBMT

Total

January

-

-

-

-

February

-

-

-

-

March

470,181

982,159

-

1,452,340

1Q20

470,181

982,159

-

1,452,340

April

-

-

-

-

May

-

949,561

-

949,561

June

446,852

-

-

446,852

2Q20

446,852

949,561

-

1,396,413

July

497,664

992,636

-

1,490,300

August

-

-

-

-

Obs:

(1) Frade figures account for a 70% stake in the field. The acquisition of the remaining 30% stake - announced on November 28, 2019 - will be integrated into the monthly report and results once the acquisition is concluded.

(2) On August 18th, the first phase of the Revitalization Campaign in the TBMT Field was carried out with the connection of the fifth well (TBMT-4HP) to the FPSO. From this date, production levels rose 40%, reaching approximately 10,000 barrels per day.

PetroRio's fully owned FPSO OSX-3, operating in the Tubarão Martelo Field

About PetroRio

PetroRio is the largest independent oil and gas Company in Brazil. The Company seeks to increase production through the acquisition of new

Investor Relations

producing assets, redevelopment, increased operational efficiency and rationalization of operating costs and corporate expenses. PetroRio's

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main objective is to create value for its shareholders with growing financial discipline and preserving its liquidity, with full respect for safety and

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the environment. For further information, please visit the Company's website:www.petroriosa.com.br.

+55 21 3721-2129

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Petro Rio SA published this content on 08 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2020 19:49:12 UTC