November 2018 Operational Data

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Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data.

Production       Offtakes
Month   Polvo   Manati ²   Total Month   Polvo
January   5,124¹   2,793   7,917 January   -
February   6,927   3,003   9,930 February   -
March   6,845   2,976   9,461 March   463,323
1Q18   6,153   2,689   8,842 1Q18   463,323
April   7,167   2,760   9,927 April   -
May   8,128   3,250   11,378 May   460,955
June   9,176   3,164   12,340 June   330,763
2Q18   8,157   2,816   10,973 2Q18   791,718
July   9,559   3,276   12,835 July   -
August   10,470   3,244   13,714 August   461,302
September   10,218   3,357   13,575 September   231,824
3Q18   10,081   3,030   13,111 3Q18   693,126
October   10,271   3,258   13,529 October   -
November   9,789 ³   3,299   13,088 November   689,438

1- In January, Polvo Field performed scheduled maintenance procedures which resulted in a temporary shutdown which lasted 10 days.

2- Refers to PetroRio’s 10% W.I. in Manati Field.

3- On November 19, one well producing 800 bbl/d was temporarily shutdown, resuming operation on December 6.

About PetroRio

PetroRio is one of the largest independent companies in the oil and gas production in Brazil. The Company´s corporate culture seeks to increase production through the acquisition of new production assets, the re-exploration of assets, increased operational efficiency and reduction of production costs and corporate expenses. PetroRio's main objective is to create value for its shareholders with growing financial discipline and preserving its liquidity, with full respect for safety and the environment. For further information, please visit the Company's website: www.petroriosa.com.br.

More news and information about Petro Rio S.A. Petro Rio S.A.

Published By:

Business Wire: 19:05 GMT Thursday 6th December 2018

Published: .

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