Oil & Gas Production

Oil and natural gas August production

Petrobras Agency
13/09/2016 15:22
Oil and natural gas August production Imagem: Courtesy BG Visualizações: 822 (0) (0) (0) (0)

Petrobras announces that in August its daily oil and natural gas production totaled 2.84 million barrels of oil equivalent (boed), 2.72 million of which produced in Brazil and 0.12 million boed produced abroad.


Brazil registered record oil and gas monthly production in August, accompanied by record daily average oil production of 2.22 barrels (bpd). In addition, on August 19 Petrobras reached the new daily volume milestone of 2.33 million bpd, overcoming the previous daily record set on December 22, 2014, of 2.30 million bpd.


The sale of assets in Argentina impacted international production, with the Company’s total production declining by 1.4%. International oil production contributed with 68,000 bpd to the Company’s average monthly production of 2.29 million bpd.


Pre-salt production increases 4% and reaches new record levels


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 million boed.


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


In August, oil production operated by Petrobras (own and partners’ share), in the pre-salt averaged 1.10 million bpd, also a monthly record. In addition, on August 28 daily oil production in that province reached record 1.22 million barrels.


Brazil’s natural gas production reaches new record


Brazil’s daily natural gas production, excluding liquefied volume, totaled 79.5 million m³, 0.1% up on the previous month (79.4 million m³/day), reaching a new monthly record.


International natural gas production averaged 9.6 million m³, 40% less than the 16 million m³ produced in the previous month, due to the divestment of assets in Argentina.

 

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