Petro Rio S.A. announces that it has been awarded the Best Latin American E&P company in 2016. The prize was given by the English magazine World Finance and reflects the outstanding results achieved in the year of 2015, when the company initiated an ambitious programme to reduce costs, optimize operations and increase reserves in the Polvo Field.

PetroRio is thankful for the honor received, which reinforces its focus on the acquisition and development of producing fields with full respect for safety and the environment. Polvo Field success case involves key elements of our strategy and represents the first step in the construction of an even more solid company.

Finally, PetroRio emphasizes its confidence and enthusiasm to continuously obtain gains through the best management practices and value accretive acquisitions, and thanks all employees, suppliers and partners who were and are essential to the Company's success.