Petrobras’ oil and gas production dips slightly in April

Petrobras' oil and gas production dips slightly in April
Image courtesy of Petrobras

Brazil’s state-owned energy giant reported a slight drop in oil and natural gas production from 2.74 million barrels of oil equivalent per day in March, to 2.72 boed in April 2017. 

According to Petrobras’ latest monthly report, 2.60 million boe/d were produced in Brazil and 120,000 boe/d produced abroad.

In April, domestic production of natural gas, excluding the LNG, was 78.5 million cubic meters per day, 1 percent up on the previous month, mainly due to the resumed operation of FPSO Cidade de Angra dos Reis (Santos Basin) after a maintenance stoppage.

In April, production of oil and natural gas managed by Petrobras in the pre-salt layer stood at 1.50 million boe/d, steady against the previous month’s figure.

Compared to April 2016, production rose by 50 percent, mainly due to production startup on FPSO Cidade de Saquarema and FPSO Cidade de Caraguatatuba, in addition to the growth in output from FPSOs Cidade de Maricá, Cidade de Paraty and Cidade de Itaguaí.

Natural gas production abroad stood at 9.6 million cubic meters per day, 12 percent down on the March 2017 figure. This was mainly due to well testing in the Lucius and Hadrian South fields (USA), in addition to Petrobras production in Bolivia.

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Posted on May 18, 2017 with tags .

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