Petrobras' August production tops 2.8MMbbl

September 13, 2016

Petrobras’ daily oil and natural gas production for the month of August totaled 2.84 MMboe, 2.72 MMboe of which was produced in Brazil and 0.12 MMboe was produced abroad.

Brazil registered record oil and gas monthly production in August. In addition, on 19 August Petrobras reached the new daily volume milestone of 2.33 MMb/d, overcoming the previous daily record set on 22 December 2014, of 2.30 MMb/d.

The sale of assets in Argentina impacted international production, with the company’s total production declining by 1.4%. International oil production contributed 68,000b/d to the company’s average monthly production of 2.29 MMb/d.

Oil and natural gas production operated by Petrobras (own and partners’ share) in pre-salt fields grew by 4% in August, reaching the new monthly record of 1.36 MMboe/d.

This result was mainly influenced by the connection of new wells and the increased production in wells already connected to FPSOs (floating production, storage and offloading) Cidade Maricá and Cidade de Saquarema, both installed in the Lula field, in the pre-salt area of the Santos Basin.

Also in August, oil production operated by Petrobras (own and partners’ share) in the pre-salt averaged 1.10 MMb/d, a monthly record. In addition, on 28 August daily oil production in that province reached record 1.22 MMbbl.

Brazil’s natural gas production, excluding liquefied volume, totaled 79.5 MMcm/d, 0.1% up on the previous month (79.4 MMcm/d), reaching a new monthly record.

International natural gas production averaged 9.6 MMcm, 40% less than the 16 MMcm produced in the previous month, due to the divestment of assets in Argentina.

Image of the Cidade de Saquarema, from SBM Offshore.



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