In August, the federal government's oil production reached 89,000 barrels per day (bpd). This volume corresponds to eight production sharing contracts (84,290 bpd) and the Individual Production Sharing Agreements (AIPs) from the uncontracted areas of Tupi and Atapu (5,140 bpd). The result is approximately 4% higher than the previous period due to the operational return of the P-74 (Búzios Field) after a scheduled production halt. During the same period, the federal government had the right to natural gas production of 182,000 cubic meters per day, 3.8% higher than the results from July. These data are part of the Monthly Production Bulletin, released this Tuesday, the 15th, by PPSA (Pré-Sal Petróleo).

According to Tabita Loureiro, Technical Director and Interim President of PPSA, with this new record, the federal government consolidates itself as the sixth-largest oil producer in the country and is preparing to enter the market again: "The federal government's oil share continues to grow for the fourth consecutive month, confirming our expectations for an increase over the coming years. In September, we conducted a spot sale of 1.5 million barrels of oil in three shipments from the fields of Atapu, Sépia, and Itapu, awarded to Petrobras, Galp, and the Mataripe Refinery. Now in October, we will have a new commercialization process for about 2.5 million barrels of oil from the Sépia field, and in 2025, we will hold a new auction on B3 to sell the production for 2026," she stated.

Production Sharing Contracts

The total production from contracts under the production sharing regime is stable at 1 million barrels of oil per day. There are eight contracts in production, and the Búzios field remains the largest producer, with around 447,000 bpd, followed by Mero (317,000 bpd) and Sépia (97,000 bpd). Since 2017, the start of the historical series, the accumulated production under the sharing regime amounts to 904 million barrels of oil. The accumulated production of the federal government totals 50.98 million barrels.

In August, the natural gas production available for export under the sharing regime was 3.97 million cubic meters per day. Búzios was the largest exporter, with 3.42 million cubic meters per day, accounting for 84% of the total production. Of this total, the federal government had the right to a production of 118,000 cubic meters per day. Since 2017, the start of the historical series, the accumulated export of natural gas under the sharing regime amounts to 2.7 billion cubic meters, with the accumulated share of the federal government totaling 196 million cubic meters.

Access the bulletin here.

About PPSA

Founded in 2013, PPSA is a state-owned company linked to the Ministry of Mines and Energy. It is responsible for managing production sharing contracts, representing the federal government in individual production sharing agreements in the pre-salt polygon, and marketing the federal government’s shares of oil and natural gas. PPSA has significant revenue-generating potential, contributing directly to the economic and social development of the country.