Home Business Petrobras Total Production of Oil and Gas in December Increases 3.3 Percent

Petrobras Total Production of Oil and Gas in December Increases 3.3 Percent

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In December, Petrobras recorded total oil and gas production, including natural gas liquids (NGL), of 2.70 million barrels of oil equivalent per day (boed), of which 2.64 million boed are produced in Brazil and 63 thousand boed outside.

According to the company, in relation to the previous month, there was a 3.3% increase in production, mainly due to the interconnection of new wells in the FPSO Cidade de Campos Goytacazes, located in the field of Tartaruga Verde, in the post-salt Campos, as well as the termination of maintenance stops at the FPSO Cidade de Ilhabela, located in the Sapinhoá field, in the Santos Basin pre-salt, and the P-18 platform, located in the Marlim field in the Campos Basin.

In 2018, total oil and gas production, including natural gas liquids (NGL), was 2.63 million barrels of oil equivalent per day (boed), of which 2.53 million boed were produced in Brazil and 101 thousand boed abroad. Own production of oil in Brazil, in turn, was 2.03 million barrels per day (bpd).

The annual average of the company’s total production (owned and partners) in 2018 was 3.29 million boed, of which 3.16 million boed in Brazil. “Oil and natural gas production in 2018 is in line with the goal set for this year in the company’s Business and Management Plan, which projects 2.8 million boed in 2019,” the company said.

Among the highlights of last year, according to the company, are the entry into operation of four new production systems: platforms P-74 and P-75 (Campo de Buzios, in the pre-salt of the Santos Basin), platform P -69 (Campo de Lula, also in the pre-salt of the Santos Basin); and the FPSO Cidade de Campos dos Goytacazes (Green Turtle Field, in the Campos Basin post-salt).

Petrobras reported that new records of annual oil and natural gas production operated by the company were reached, of 1.75 million boed and the monthly record of 1.85 million boed, which was reached in December.

“The achievement of a new annual record in the use of Petrobras gas in Brazil, with the mark of 96.6%, a consequence of the efforts undertaken over the last years through the Gas Optimization Program,” said the company.

The company also highlighted the divestments in the fields of Lapa, Sururu, Berbigão, Oeste de Atapu, and Roncador, as well as the formation of the joint venture of Petrobras America Inc. with Murphy Exploration & Production Co.