Petrobras boosts oil and gas production again -- 2.4 MMBOEPD in Brazil alone

Source: Petrobras

Petrobras’ (PBR) average oil and natural gas production in Brazil and abroad topped-out at 2,598,463 barrels of oil equivalent per day (boed) in April. This was 3.2% more than a year ago (2,519,059 boed), and 1.7% above the total volume lifted last March (2,556,002 boed).

Only taking the fields in Brazil into account, the average oil and gas production was 2,356,843 barrels of oil equivalent per day (boed). The increase was 3.1% compared to a year ago, and 2.1% more than last March.

The exclusive oil production in domestic fields was 2,032,620 barrels per day, 2.9% more than in April 2009 and 1.9% higher than March 2010. The 39,000-barrel increase over March resulted, among other factors, from the operating performance of the platforms located off the coasts of the states of Rio de Janeiro and Espírito Santo.

New wells were connected to the FPSO Cidade de Vitória vessel platform, installed in the Golfinho field, in the Espírito Santo portion of the Campos Basin. New wells also came into production in the Marlin Leste field, in the Campos Basin, off the coast of Rio de Janeiro. The Santos Basin contributed with the increased production at the extended well test (EWT) being carried out for the Tiro field.

Onshore production also influenced these results, particularly with two new wells coming into production in the fields of Rio Urucu (RUC) and Leste do Urucu (LUC), both in the Solimões Basin, in the Amazon.

The volume of oil and gas coming from fields where Petrobras has operations abroad grew to 241,620 (boed) in April, 3.3% more than a year earlier. Production going on stream in the Akpo field and in new wells in the Agbami field, both in Nigeria, contributed to this result. Compared to last March, the volume was 2.1% lower due to scheduled shutdowns at the gas production plants in Argentina.

Natural gas production in the domestic fields topped-out at 51.547 million cubic meters per day in April, practically the same as a month and a year earlier. Natural gas production abroad was 15.324 million cubic meters, 7.3% less than last March and 9.3% below the April 2009 mark. The reduction was the outcome of scheduled maintenance at the gas production plants in Argentina and of the lower demand for Bolivian gas.

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