Petrobras Reaches 2023 Production Target 

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(Petrobras, 26.Jan.2024) — Petrobras reached total oil and natural gas production of 2.78 MMboed in 2023, 3.7% higher than the production recorded in 2022. Commercial production of oil and natural gas was 2.44 MMboed and oil production 2.24 MMbpd. These results exceeded our Strategic Plan 23-27 guidances and were in line with the production forecast revised in Nov. 2023, within the range of ± 2.0%.

As a highlight of 2023, the company achieved an annual record of total own production of oil and natural gas in the pre-salt, with 2.17 MMboed, surpassing the previous record of 1.97 MM boed in 2022 and representing 78% of our total production. 

The company also achieved a record total operated oil and natural gas production of 3.87 MMboed, surpassing the previous record of 3.64 MMboed in 2022.

In 2023, four new platforms came on stream, contributing to our excellent operating results. In May, FPSO Anna Nery, the first unit in the Marlim and Voador Revitalization Project, and FPSO Almirante Barroso, the fifth unit in the Búzios field, came on stream. Additionally, we started the operation, in August, of the FPSO Anita Garibaldi, the second unit of the Marlim and Voador Revitalization Project, and, in December, the FPSO Sepetiba, the second definitive production system of Mero field. 

Throughout 2023, the maximum oil production capacities of the P-71 platforms in the Itapu field, the FPSO Guanabara in the Mero field and the FPSO Almirante Barroso in the Búzios field were reached. The latter took place in October 2023, less than 5 months after the first oil, a record in the pre-salt.

These results reinforce Petrobras’ commitment to investors and Brazilian society.

Source: Petrobras

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