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Petrobras Domestic Oil and Gas Production Falls in June 2018

Source: www.gulfoilandgas.com 7/17/2018, Location: South America

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Petrobras reports that, in June, its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed), with 2.53 million boed produced in Brazil and 98 thousand boed produced abroad. Total production operated by the company (Petrobras and partnersí share) was 3.30 million boed, with 3.17 million boed in Brazil.

The average oil production in the country was 2.03 million barrels per day (bpd), 1.5% lower than the volume produced in May, mainly due to the maintenance stoppage of FPSO Cidade de Paraty located in Lula field at Santos Basin pre-salt and the sale of 25% stake of Roncador field to Equinor, concluded on June 14. We also highlight the start-up of FPSO Cidade de Campos dos Goytacazes located in Tartaruga Verde field at Campos Basin on June 22.

The production of natural gas in Brazil, excluding the liquefied volume, was 78.2 million m≥/d, 3.4% lower than the previous month, mainly due to the reasons mentioned above.

Oil production in the fields abroad was 60 thousand bpd, volume 2.3% higher than the previous month, due to the production increased at fields in Nigeria. The natural gas production was 6.4 million m≥/d, in line with the volume produced in May.

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