Petrobras Output Sets Record in August

Instant Max AI Immediate Frontier

(Petrobras, 16.Sept.2015) – Petrobras’ oil and natural gas production in Brazil and abroad reached 2.88 MMboe/d in Aug.2015, a new record. It is up 0.8% on the previous record of 2.86 MMboe/d set in Dec.2014. This volume is also up 4.5% on Aug.2014 (2.76 MMboe/d). Oil and natural gas production was up 3.1% on the previous month (July) when 2.80 MMboe/d were produced.

Petrobras’ total oil and natural gas production of in Brazil was 2.69 MMboe/d, up 3.1% on the previous month (2.61 MMboe/d), which is also a new domestic production record (0.6% up on the previous record of 2.67 MMboe/d set in Dec.2014).

It is worth noting that total production operated by Petrobras in Brazil, including the portion operated for partner companies, exceeded 3 MMboe/d for the first time when 3.01 MMboe/d were produced. The company’s oil production was 2.21 MMb/d (3% higher than the 2.14 MMb/d produced in the previous month) making it the second best mark ever reach.

The increase reflects the FPSO Cidade de Itaguaí coming on stream on 31.July.2015. The vessel is anchored in Iracema Norte, an area located in the northwest portion of the Lula field, in the Santos Basin pre-salt. This platform has the capacity to process 150 Mb/d of oil and 8 MMcm/d of gas. Additionally, platforms that were undergoing scheduled maintenance returned on stream, contributing to the good performance in the month.

Natural gas production in Brazil, excluding liquefied gas, also set a new record of 77.2 MMcm/d (3.6% higher than the previous month).

New records in the pre-salt

In the pre-salt, two new records were set: daily production operated by Petrobras, with a volume of 896 Mb/d recorded on Aug.19; and the monthly production operated by the company, which reached 859 Mb/d for the month.

Oil and gas production abroad

Abroad, 192 Mboe/d were produced, 3.8% up on the 185 Mboe/d produced in July. This is mainly due to the return to operation of the platform in the Saint Malo field, in the Gulf of Mexico, in the United States. Oil production was 101 Mb/d, 5.2% up on than the 96 Mb/d produced in July and the average natural gas production abroad was 15.4 MMcm/d, 1.9% up on July’s production, which was 15.1 MMcm/d.

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