Petrobras’ oil and gas production declines in March

Brazil’s state-owned energy giant Petrobras reported a 2.8 percent drop in oil and natural gas production to 2.74 million barrels of oil equivalent per day in March, from 2.82 million boed in February. 

According to Petrobras’ latest monthly report, 2.61 million boed produced in Brazil and 130,000 boed produced abroad.

In March, the production of natural gas in Brazil, excluding the liquefied volume, was 77.7 million cubic meters per day, 3 percent lower than in the previous month due to the stoppages on FPSO Cidade de Angra dos Reis, located in Lula field, in the Santos Basin pre-salt, and on P-37, in Marlim field, in the Campos Basin.

In March, the production of oil and natural gas operated by Petrobras in the pre-salt layer was 1.50 million boed, volume 2 percent lower than in the previous month due to the stoppage on FPSO Cidade de Angra dos Reis, however, compared to March 2016, there was a 36 percent production increase.

Natural gas production abroad was 11.0 million cubic meters per day, a 31 percent increase over the volume produced in February 2017, the reports shows.

This increase resulted from a greater demand of gas production in Bolivia and from the resumption of production in Lucius and Hadrian South fields.

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