Petróleo Brasileiro S.A. – Petrobras announced that its proven reserves in the pre-salt in 2013 grew by 43% when compared to 2012. This 43% reserves growth in 2013 was possible due to the drilling of 42 wells in the pre-salt, combined with the excellent performance of the platforms in production at Campos and Santos Basins. On January 13, 2014 the second production well of platform Cidade de Paraty, at Lula field, went into operation, with an output of 28,000 barrels of oil per day, totaling 58,000 barrels of oil per day on this platform.

As a result, a new daily production was set on January 14, 2014, in which oil operated by Petrobras in the pre-salt surpassed 390,000 barrels of oil per day. Of the two basins producing from the pre-salt, Campos and Santos, the latter contributed with 51% of 390,000 barrels of oil per day, through nine production wells, confirming the high productivity of the pre-salt fields. The average productivity of the commercial wells in the Santos Basin pre-salt has been around 25,000 barrels of oil per well per day, higher than that of the North Sea (15,000 barrels of oil per well per day) and the Gulf of Mexico (10,000 barrels of oil per well per day).

In addition, in 2013, pre-salt discoveries in fields already in production in Campos Basin, such as Albacora, Caratinga and Marlim Leste contributed to the growth in reserves, and, primarily, to their swift monetization by interconnecting wells to the platforms in operation. In the second half of 2014, two new platforms will go on stream in the Santos Basin pre-salt: platform Cidade de Ilhabela in Sapinhoá Norte field, and platform Cidade de Mangaratiba in Iracema Sul field, adding 300,000 barrels of oil per day in installed capacity. Five new wells will be interconnected to these new platforms in 2014.

The start-up of these two new platforms and the start-up of 22 new production wells in 2014 will contribute to the achievement of new pre-salt production in 2014.