In August 2026, Azevedo & Travassos Energia (AZTE3) recorded average daily production of 133 barrels of oil equivalent per day (boe/d). Oil production totaled 129 barrels per day (bbl/d), while natural gas production was 3 boe/d in the period.
Production at the fields in the Barrinha and Porto Carão Clusters remained stable compared to July 2026, at around 107 boe/d, with the Barrinha Cluster accounting for most of the volume, followed by the Porto Carão and Phoenix-Potiguar Clusters.
The company reports that production from the Barrinha and Porto Carão Cluster assets is included in this bulletin because it was accounted for in August 2026, since, under the terms of the sale and purchase agreement (SPA), these volumes must be attributed to buyers ATP and PVE to be deducted from the closing price of the transaction (Closing).
As of September 2026, production from the Barrinha and Porto Carão Clusters will no longer be disclosed in the company’s operating bulletins, following notice of unilateral termination of the SPA by Brava, as mentioned in the material fact dated September 16, 2026. The company states that this change does not represent a waiver of rights or recognition of the validity of the termination and that it continues to assess the effects of the notice and the appropriate measures to be taken.
In August 2026, production at the Phoenix Cluster declined due to the shutdown of gas-producing wells, resulting from a change in commercial conditions imposed by the distributor, which made the operation economically unfeasible. Phoenix is negotiating new contracts with other distributors and evaluating the use of the gas for power generation.
