In 3Q25, average production of oil, NGL, and natural gas reached 3.14 MMboed, 7.6% above 2Q25, and 16.4% above 3Q24, mainly due to the achievement of peak production (design capacity) of FPSO Almirante Tamandaré, in Búzios field, and the increased production capacity of FPSO Marechal Duque de Caxias, in Mero field. 

Additionally, there was the ramp-up of FPSOs Maria Quitéria in Jubarte field, Anita Garibaldi and Anna Nery in Marlim and Voador fields, and Alexandre de Gusmão in Mero field. 

The increase in production was also supported by lower losses due to shutdowns and maintenance, as well as higher operational efficiency in the Campos and Santos Basins. The efficiency in 9M25 was approximately 3% higher than 2024, including increases in fields with significant production, such as Tupi and Búzios. 

During this quarter, Petrobras had 11 new production wells starting up, 7 in Campos Basin and 4 in Santos Basin. On September 25th, FPSO Marechal Duque de Caxias reached 200 Mbpd, 20 Mbpd above its nominal design capacity, as authorized by the competent authorities. 

FPSO Almirante Tamandaré (pictured), which started up in February this year in Búzios, reached its planned peak production of 225 Mbpd on August 14th, with only 5 production wells and three months ahead of the initial schedule. On October 9th, the unit reached 250 Mbpd, above its nominal design capacity, as authorized by the competent authorities, becoming the largest oil-producing platform in both Petrobras and Brazil.  

P-78 unit arrived with crew onboard on September 30th at the Búzios field, where mooring activities have already begun. The platform is the seventh unit to be installed in the Búzios field, following P-74, P-75, P-76, P-77, and FPSOs Almirante Barroso and Almirante Tamandaré. Its production capacity is 180 Mbpd, in addition to a gas compressing capacity of 7.2 MMm³/day. First oil is scheduled for 4Q25. 

In this quarter, Petrobras achieved several production records, among which we highlight: 

• Total operated production in 3Q25: 4.54 million boed (previous record of 4.20 million boed in 2Q25). 
• Total own production in 3Q25: 3.14 million boed (previous record of 3.02 million boed in 4Q19). 
• Total operated production in the pre-salt in 3Q25: 3.88 million boed (previous record of 3.62 million boed in 2Q25). 
• Total own production in the pre-salt in 3Q25: 2.56 million boed (previous record of 2.41 million boed in 2Q25). 
• The platforms in the Búzios field surpassed the milestone of 900 Mbpd of operated oil production on October 7th. 

In 3Q25, the company delivered a solid performance on oil product sales, reaching total domestic sales of 1,804 Mbpd. Notably, diesel sales grew by 12.2%, with S10 diesel accounting for 67.8% of the quarter’s total sales volume and reaching 68.4% in September, setting quarterly and monthly records, respectively.  

The quarter was also marked by a record in oil exports, which reached 814 Mbpd, following the increase in oil production.  

In 3Q25, the refining system reaffirmed its operational efficiency and once again maintained strong oil products output. The total utilization factor reached 94%, above the 91% recorded in the previous quarter, reflecting high utilization of installed capacity.  

Oil products’ output reached 1,790 Mbpd, representing a 3.5% growth compared to 2Q25. Production of higher value-added oil products (diesel, jet fuel, and gasoline) accounted for 69% of total volume in the quarter (68% in 2Q25), reinforcing the maximization of the system's profitability.  

Regarding the crude slate, the share of pre-salt crude in the refinery throughput remained high in the quarter, reaching 69%. This result is in line with Petrobras’ strategy to optimize the use of higher value-added streams with lower carbon intensity.  

On October 3rd, the company signed five service contracts for the construction of the units of the Boaventura Refining Project, a milestone in the modernization of our refining system. The project will enable integration between REDUC and the Boaventura Energy Complex, increasing S10 diesel production by 76 Mbpd and jet fuel by 20 Mbpd. Additionally, Boaventura will enable production of 12 Mbpd of Group II base oils, adding value and competitiveness to the portfolio. 

Petrobras consolidated significant progress in decarbonization and innovation journey in 3Q25, and the highlight was the sustainable aviation fuels (SAF) segment. The company conducted a production test at REVAP and obtained ISCC international certification for SAF production at REDUC, which already has ANP authorization to incorporate up to 1.2% renewable feedstock in production. REDUC is expected to start SAF production in 2025, aiming to market up to 10 Mbpd of sustainable fuel. These initiatives expand the low-carbon product portfolio and reinforce Petrobras’ alignment with commitments made by airlines under CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) starting in 2027, as well as with the requirements of the Fuel of the Future Law. 

In 3Q25, the company made progress in the free natural gas market, reaching 6.5 MMm³/d of contracted volumesy, a 14% increase compared to 2Q25. These results reaffirm the competitiveness of Petrobras’ portfolio and highlight the commitment to efficient allocation of natural gas. 

Furthermore, in August, the Ibirité and TermoRio thermal power plants began early delivery of contracted capacity in the 2021 Capacity Reserve Auction, which was originally scheduled for July 2026. This made 1.12 GW of capacity available to the national system operator, ensuring system reliability and flexibility amid the expansion of renewable energy. 

Click here to access the full production and sales report.