Petrobras’ June output rises, falls vs. May

July 13, 2015

Brazil’s Petrobras has announced that, in June 2015, its oil and natural gas production was 2 million 746 thousand barrels of oil equivalent per day (boed), in Brazil and abroad.

According to Petrobras, this is 0.7% lower than the volume produced in May (2 million 766 thousand boed) and 4.3 % superior to the volume produced on June 2014 (2 million 633 thousand boed).

Oil and gas production in Brazil

Petrobras’ total oil and gas production was 2 million 553 thousand boed, which is 0.1% lower than previous month (2 million 574 thousand boed).

The company’s exclusive oil production in Brazil was 2 million 88 thousand barrels of oil per day (bdp), 1.1% lower than in the previous month (2 million 111 thousand bpd). The company explained that such reduction is mainly due to the bigger quantity of platforms’ scheduled maintenance shutdowns in June.

Petrobras own natural gas production in Brazil, excluding the liquefied volume, was 73 million 886 thousand m3/day, 0.4% above the whole production in May (73 million 593 thousand bpd).

Pre-Salt production

The company emphasized that, in June, new production records in Pre-salt were achieved. On June 26, 2015, the pre-salt daily production achieved 811 barrels per day (bpd), 1.1% above the last record, achieved on April 11, 2015 (802 mil bpd). The monthly operated production also achieved its best level, reaching 747 thousand bpd, 2.9% higher than the volume achieved in May (726 thousand bpd).

Oil and Gas Production abroad

Abroad, 193 thousand barrels of oil equivalent per day (boed) were produced, equivalent to 192 thousand boed produced in May, keeping the good performance in Lucius e Saint Malo platforms, located in the Gulf of Mexico, in the United States.

The oil production was 102 thousand of barrels of oil per day (bpd), the same level of 101 thousand bpd in the previous month, due to the performance of the mentioned platforms. The natural gas average production abroad was 15.4 million m³/d, a stable production compared to May, 15.3 million m³/d.