Petrobras pre-salt output breaks record in February

Brazilian state run oil company Petrobras has said its production from the Santos and Campos basin pre-salt clusters reached record levels in February.

On February 26th, records were broken for Petrobras’ own output, which rose to 555,000 barrels per day (bpd), and for output from concessions operated for other companies (including operations run for partner companies), which reached 737,000 bpd.

Petrobras’ total oil and natural gas production in February 2015 was 2.801 million barrels of oil equivalent per day (boed), down 1.5% on the January figure (2.845 million boed). This February total includes both oil and natural gas, with domestic production at 2.612 million boed and foreign output at 189,000 boed.

Domestic oil and natural gas output reaches 2.612 million boed

Total oil and natural gas production in Brazil for February 2015 was 2.612 million boed, down 1.8% on January’s figure (2.661 million boed).

Total production operated by Petrobras in Brazil was 2.854 million boed.

Petrobras domestic output of oil alone was 2.146 million barrels per day (bpd), down 2.1% on January’s figure of 2.192 million bpd. Oil output from operations in

Brazil (including operations run for partner companies) was 2.319 million bpd, down 2.1% on last month’s figure (2.370 million bpd).
February’s slight in production was primarily due to planned maintenance shutdowns of platforms P-19, in Marlim field and P-58, in Parque das Baleias, both in Campos Basin.

FPSO Cidade de Angra dos Reis, in the Santos basin’s Lula field, was also shut down for scheduled maintenance. The fall in output due to shutdowns was partially offset by seven new offshore wells in the Campos and Santos Basins which came onstream in February.

Record level for utilization of natural gas

Petrobras’ own production of natural gas in Brazil, excluding the volume liquefied, stood at 73.968 million m3/day in February, 0.8% down on the January figure. Gas production excluding the volume liquefied but including operations run for partner companies, reached 84.958 million m3/day.
In February, utilization of natural gas produced reached 96.5%, a historic monthly level for domestic gas output and surpassing the previous record of 96.3% set in September 2013.

Production abroad in February increases 2.7%

In February, output of oil and natural gas abroad reached 189,000 boed, up 2.7% on January’s figure of 184,000 boed. Average oil output abroad in February stood at 100,000 bpd, up 2.1% on January’s figure of 98,000 bpd, primarily due to the start-up of new production wells in the Saint Malo and Lucius fields in the United States. Average natural gas output abroad was 15.016 million m³/day, up 2.5% on the January figure of 14.646 million m³/day due to a boost in output from the Sábalo field in the Bolivian San Antonio block.