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Petrobras output rises amid Brazil offshore success

16th October 2014

Petrobras’ consolidated oil and gas production in Brazil and abroad reached 2.781 million barrels of oil equivalent per day (boed) in September, up 0.8 per cent on the August figure of 2.759 million boed

Petrobras output rises amid Brazil offshore successful
Growth in production was mainly the result of a ramp-up in output from platforms P-55 and P-62, in the Roncador field (Campos Basin), and on FPSO Cidade de Paraty, in Lula Nordeste (Santos Basin)

Oil production in Brazil averaged 2.118 million barrels per day (bpd), up 0.6 per cent on the August figure of 2.105 million bpd.

Total domestic oil production, which includes the part Petrobras manages for its partner companies, reached  2.239 million bpd in September, up 0.3 per cent on the August figure of 2.232 million bpd, to achieve a record figure for the third consecutive month.

Total oil and gas production in Brazil in September also set another record. It was up 0.5 per cent on the August figure (2.551 million boed) at 2.565 million boed. Total oil and natural gas produced by Petrobras in Brazil, which includes the part managed for partner companies, also peaked to a new record of 2.743 million boed in September, up 0.3 per cent on August (2.736 million boed).

Growth in production was mainly the result of a ramp-up in output from platforms P-55 and P-62, in the Roncador field (Campos Basin), and on FPSO Cidade de Paraty, in Lula Nordeste (Santos Basin).

In September, six new offshore wells (five production and one injection) were brought into operation, which means that a total of 53 new wells have been started up in 2014.

With the arrival of three Pipe Laying Support Vessels (PLSV) - Sapura Topázio, Coral Atlantico and NO 102 - in September, Petrobras now has a fleet of 18 vessels. Deployment of a further vessel is planned by the end of this year.

September saw output from the pre-salt layer at 532,000l bpd, and on September 18 we hit a record for daily output from the Santos and Campos Basin pre-salt - 618,000 bpd. These figures include the part managed by Petrobras for its partner companies. It is worth noting that after well RJS-674 came online (September 10), FPSO Cidade de Paraty reached maximum capacity of 120,000 bpd receiving a feed from only four production wells and matching the performance of the FPSO Cidade de São Paulo in the Sapinhoá field (Santos Basin).

In line with the company’s plans, scheduled maintenance shutdowns were carried out on some platforms. In September, there was a temporary interruption of 44,000 bpd in average monthly production. But the Operational Efficiency Increase Program (Proef), launched in 2012, continued to show excellent results in September. For example, the Campos Basin Operational Unit reached it highest efficiency in the past 50 month, at 82.9 per cent, and output for the past 20 months peaked at  420,000 bpd.

New production systems will come online by the end of this year to guarantee sustained output grown in line with the 2014-2018 Petrobras Business and Management Plan.

FPSO Cidade de Mangaratiba started production this Tuesday (October 14) in the Iracema Sul area (Lula field in the Santos Basin pre-salt). This fourth quarter will also see the start-up of the FPSO Cidade de Ilhabela, which is being anchored in the northern area of the Sapinhoá field, and platform P-61 in Papa-Terra (Campos Basin post-salt) which is already anchored at its location, and the Tender Assisted Drilling (TAD) support drilling rig is being set up.

Production of natural gas in Brazil in September was also the highest on record, reaching 71.137 million cubic metres a day and exceeded the previous month’s figure (71.022 million cubic metres a day) by 0.2 per cent. Petrobras gas production, including gas production managed for partner companies, reached 80.132 million cubic metres a day.

Average natural gas production abroad rose 3.1 per cent on August’s figure (15.807 million cubic metres a day) to 16.293 million cubic metres a day. This rise is due to the production ramp-up in Lot 57, Kinteroni Field (Peru), driven by higher demand for LNG exports.

Average oil production rose 3.3 per cent from 115,900 bpd a month ago to 119,700 bpd in September, primarily due to higher NGL and condensate production from Lot 57, Kinteroni Field (Peru), as well as increased operational efficiency in Nigeria and Argentina.

The total production reported to Brazil’s National Petroleum Agency (ANP) was 10,207,003 square metres of oil and 2,524,741,000 square metres of gas in September 2014. This production corresponds to the total production of the concessions operated by Petrobras. It does not include shale, NGL volumes and third party production where Petrobras is not the operator.

Related topics: 

Brazil

Oil and Gas industry news from Brazil

Production

Oil and gas production news for the global petroleum industry

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