Economy

International Energy Agency rates Brazilian oil production as "exceptional"

The International Energy Agency (IEA) classified as “exceptional” the increase in oil production in Brazil in the second quarter of this year

Petrobras Agency
18/08/2014 13:30
International Energy Agency rates Brazilian oil production as "exceptional" Imagem: Geraldo Falcão/Petrobras Agency Visualizações: 1167 (0) (0) (0) (0)

The International Energy Agency (IEA) classified as “exceptional” the increase in oil production in Brazil in the second quarter of this year, in a monthly report released on Tuesday, August 12. According to the report by the IEA, which has a presence in 29 countries, Brazilian oil production reached 2.3 million barrels per day (bpd) in June. “This caps off an excellent quarter for the sector,” with a rise of 180,000 bpd compared with the second quarter of 2013, says the report.

 

According to the agency, a number of factors contributed to output growth in May and June: the P-62 platform in Roncador field coming on stream in May; the connection of a new pre-salt well to the P-48 platform in Caratinga field; the end of maintenance operations on P-51 in Marlim South; and an extended well test in Iara West. The Roncador, Caratinga and Marlim South fields are located in the Campos Basin, while Iara West is in the Santos Basin. All of these fields are operated by Petrobras.

 

The report also talks about the importance of Petrobras’ Operational Efficiency Improvement Program (known by Portuguese acronym Proef) in the Campos Basin. According to the IEA, the program – a systematic initiative to maintain the reliability, integrity and safety of production systems – is bearing fruit. The operational efficiency of the company’s production units reached an average of over 91% in June, the highest level in recent years.

 

The IEA’s report predicts that Petrobras’ 2014 output will receive a further boost of around 135,000 bpd due to the start-up of three operations by the end of the year: P-61 in Papa Terra field, Campos Basin, and the FPSOs Cidade de Ilhabela (to operate in Sapinhoá field, Santos Basin) and Cidade de Mangaratiba (to operate in Iracema South, also in Santos Basin).

 

This week, Petrobras disclosed its production figures for July. Total output across the company and pre-salt production both reached new all-time highs. Total oil production, including the share operated by the company for its partners in Brazil, amounted to 2.152 million bpd in July, while pre-salt production hit a new monthly record of 480,000 bpd. On July 13, output from the pre-salt layer in the Santos and Campos basins was 546,000 bpd, a new daily record, up 5% from the previous record of 520,000 bpd established on June 24. These volumes also include the share operated by Petrobras for its partners.

Most Read Today
see see
Petrobras
Museum of Petroleum and New Energies will operate in the...
19/03/26
Macaé Energy
Macaé Energy: debates focus on the strategic role of nat...
18/03/26
Macaé Energy
Macaé Energy 2026 strengthens the municipality’s positio...
17/03/26
Macaé Energy
With record-breaking attendance, the Macaé Energy trade ...
17/03/26
Offshore Technology & Subsea Engineering
Trendsetter Vulcan Offshore Customizes Tethered BOP Tech...
17/03/26
Macaé Energy
FIRJAN: Technical Conference is a Highlight of Macaé Ene...
16/03/26
Permanent Offer
Inclusion of 15 New Blocks in Permanent Offer (OPP) Bid ...
14/03/26
Rio de Janeiro
Rio City Hall Signs Agreement to Transfer Automóvel Club...
13/03/26
Result
Porto do Açu Sets Historic Record in Cargo Handling
13/03/26
Environment
Following COP30, IBP Organizes Meeting to Debate Brazil'...
13/03/26
Jet Fuel
Resolution Approved to Revise Aviation Kerosene Quality ...
13/03/26
Biofuels
ANP to Participate in Research Project on Increasing Bio...
13/03/26
Results
Petrobras Paid R$ 277.6 Billion in Taxes and Government ...
13/03/26
North Sea
Two new discoveries in the North Sea
11/03/26
Macaé Energy
At Macaé Energy 2026, FIRJAN Promotes Special Edition of...
09/03/26
iBEM26
Innovation, ESG, and Sustainability
06/03/26
iBEM26
Artificial Intelligence drives increased demand for elec...
02/03/26
FIRJAN
Despite Tariff Hikes, Oil Drives Rio's Trade Flow Up 9% ...
27/02/26
Royalties
December Production Royalty Payments Distributed to Stat...
26/02/26
Award
BRAVA Energia Wins Top Honor at OTC Houston for Atlanta ...
26/02/26
Strategic Agenda
ABPIP Presents 2026 Strategic Agenda to Chairman of the ...
26/02/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.