Petrobras Output for July 2015

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(Petrobras, 26.Aug.2015) – Petrobras sets new daily and monthly records for oil extraction in the pre-salt layer.     Petrobras’ average oil and natural gas production rose 1.8% in July 2015 compared to the previous month and reached 2.796 MMboe/d. The company produced 2.746 MMboe/d in Jun.2015. Production is up 3.6% on Jul.2014 (2.699 MMboe/d).

On Jul.8, Petrobras set a new daily oil production record in the pre-salt layer: 865 Mb/d. This production does not include natural gas extraction. Monthly production was 798 Mb/d, 6.9% higher than the existing record for Jun.

Oil and gas Production in Brazil

Petrobras’ total oil and natural gas production in Brazil was 2.611 MMboe/d, 2.3% up on the previous month (2.553 MMboe/d).

Oil production (not including natural gas) was 2.142 MMb/d, 2.6% up on the 2.088 MMb/d produced in Jun. The increase reflects new wells coming on stream at platforms P-58, in the Parque das Baleias, and P-62, in the Roncador field, both located in the Campos Basin; and on the FPSO Cidade of Mangaratiba, anchored in Iracema Sul, in the Santos pre-salt basin. FPSO is an acronym for a Floating production, storage and offloading unit.

Note that, as announced to the market and the press on 31.Jul.2015, the FPSO Cidade de Itaguaí came on stream in Iracema Norte, which is located in the Lula field in the Santos pre-salt basin. This new unit has the capacity to process 150 Mb/d of oil and 8 MMcm/d of gas.

Natural gas production in Brazil, excluding liquefied natural gas, was 74.524 MMcm/d, 0.9% up on the total production in June (73.886 MMcm/d).

Oil and gas Production abroad

Abroad, 184.6 Mboe/d were produced, 4.2% down on the 192.7 Mboe/d produced in Jun, mainly due to the scheduled shutdown of the platform in the Saint Malo field, in the Gulf of Mexico.

Oil production was 95.9 Mb/d, 5.9% down on the 101.900 Mb/d produced in Jun. and the average production of natural gas was 15.1 MMcm/d, 2% down on the previous month’s production, which was 15.4 MMcm/d.

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