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Petrobras breaks quarterly and monthly records of operated oil and gas production

Published in 16/10/2023 at 16:32:27

Photo: Petrobras - Platform P-71, in the pre-salt of the Santos Basin.


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Petrobras reports that it broke a quarterly record of operated oil and gas production in the third quarter of this year, reaching 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. Furthermore, it reached a monthly record of operated production in September, with a volume of 4.1 million barrels of oil equivalent (boe), 6.8% above the August volume.

This result is mainly due to the production increase (ramp-up, in technical jargon) of the Almirante Barroso platform, which operate in the Búzios field, and the P-71 platform, in the Itapu field – both in the Santos Basin pre-salt – and the Anna Nery and Anita Garibaldi units, in the Marlim and Voador fields – which operate in the Campos Basin.

Another relevant factor was the lower number of maintenance stops in the platforms during this period. This record in monthly operated production was also accompanied by a monthly record in operated production in the pre-salt in September, when Petrobras reached the mark of 3.43 million boe in this layer.

27 billion boe of accumulated production

Petrobras also achieved an accumulated production of more than 27 billion barrels of oil equivalent (boe) in the third quarter. Of this total, two thirds were produced in the last 20 years, thanks to the significant progress in the development of the company’s ultra-deepwater fields.

“In the year that Petrobras turns 70, we have many reasons to celebrate. We broke our quarterly and monthly records in operated production and our results show the high productivity of the pre-salt, this giant that amasses exceptional results. In addition, since December last year, we have already put four new production platforms in operation”, stated Petrobras’ CEO, Jean Paul Prates.

With FPSO Sepetiba,  in the Mero field, starting production at the end of the year, the company will have deployed five platforms within a period of 12 months – a true milestone. The five projects will add 630 thousand barrels to the company’s oil production capacity.

More than half of all FPSOs in the world in the coming years

“Our production began in 1953, with only 3 thousand barrels per day, and now we produce more than a thousand times that volume. And we will continue to contribute to the country’s growth. Petrobras will deploy half of all the FPSOs in the world in the next few years, always focusing on our commitment to safety, diversity and sustainability”, concluded Prates.

The company informs that it is reviewing its oil and gas production guidance, which will be released on November 9, 2023, together with Petrobras’ third-quarter results.

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