Presalt oil production reaches new peak for Petrobras

Offshore staff

RIO DE JANEIROPetrobras’ oil production in Brazil averaged 2.16 MMboe/d in May, its fifth highest monthly figure to date.

The growth was due mainly due increases from the company’s presalt fields, with new wells connected to the FPSO Cidade de Maricá serving the Lula field in the Santos basin.

In addition, various platforms that underwent scheduled stoppage and corrective maintenance in April returned to normal service.

Presalt production of oil and natural gas operated by Petrobras climbed to a new high, averaging 1.15 MMboe/d, with the company’s presalt oil output breaking the 1 MMb/d mark for the first time on May 8.

The company achieved this landmark 10 years after discovering these deposits. There are currently 52 producing wells connected to seven large production systems in the Santos basin and eight production systems in the Campos basin.

Petrobras has gradually brought down extraction costs from its presalt wells to less than $8/boe, while the average time taken to construct a well in these regions has fallen 71% from 2010 to 89 days currently.

High productivity of the presalt reservoirs, resulting in fewer wells per production system and improved well construction efficiency, has helped the company contain costs.

06/13/2016

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Petrobras' presalt oil and gas fields offshore Brazil
(Map courtesy Petrobras)

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