Petrobras’ 2018 oil and natural gas production

The annual average of the company's total operated production (both Petrobras and partner’s share) in 2018 was 3.29 million boe/d, of which 3.16 million boe/d in Brazil.

The production of oil and natural gas in 2018 is in line with the goal established for this year in the company's Business and Management Plan, which projects 2.8 million boe/d in 2019.

The main highlights of the Company's production in 2018 were:

• Start-up of four new production systems: the P-74 and P-75 platforms, located in the Búzios Field, in the pre-salt of the Santos Basin; the P-69 platform, located in the Lula Field, also in the pre-salt of the Santos Basin; and the FPSO Cidade de Campos dos Goytacazes, located in the Tartaruga Verde Field, in the post-salt of the Campos Basin.
• The continuous development of the pre-salt production, which completed 10 years and achieved new records: annual production of oil and natural gas, operated by Petrobras, of 1.75 million boe/d and the monthly record of 1.85 million boe/d, which was reached in December.
• The achievement of a new annual record in the utilisation of gas by Petrobras in Brazil, reaching the 96.6% mark, as a result of the efforts undertaken over the past years through the Optimisation Programme for Gas Utilisation.
• The divestments in the Lapa, Sururu, Berbigão, Oeste de Atapu and Roncador fields, as well as the joint venture of Petrobras America Inc. with Murphy Exploration & Production Co.

Oil and gas production in December

In December 2018, the total production of oil and gas, including NGLs, was 2.70 million boe/d, of which 2.64 million boe/d produced in Brazil and 63 000 boe/d abroad.

The company's total operated production (both Petrobras and partner’s share) was 3.4 million boe/d, of which 3.3 million boe/d in Brazil.

With regards to the previous month, there was a 3.3% increase in production, mainly due to the interconnection of new wells in the FPSO Cidade de Campos dos Goytacazes, located in the Tartaruga Verde field, in the post-salt of the Campos Basin, as well as the end of the maintenance stoppages at the FPSO Cidade de Ilhabela, located in the Sapinhoa field, in the pre-salt of the Santos Basin, and the P-18 platform, located in the Marlim field, in the Campos Basin.

Read the article online at: https://www.worldpipelines.com/business-news/16012019/petrobras-2018-oil-and-natural-gas-production/