In its Refineries, Petrobras Achieves 97% Utilization

Source: 7/21/2022, Location: South America

At the end of June, the Petrobras refineries' Utilization Factor (FUT) achieved 97%. The information is one of the highlights of the company's 2nd Quarter 2022 Production and Sales Report.

This FUT was achieved after the completion of scheduled maintenance shutdowns at the Henrique Lage Refinery (REVAP), in São José dos Campos (SP) and at the Duque de Caxias Refinery (REDUC), in Rio de Janeiro. This performance allowed higher yields of diesel, gasoline and QAV in the quarter, taking advantage of favorable market conditions, respecting safety, environmental and quality requirements of the derivatives produced and considering the focus on value creation.

The volume of oil products sales in the second quarter increased by 1% compared to the first quarter and the volume of fuel production was 2.6% higher compared to the same period last year.

Production of S-10 diesel in 2Q22 was at the same level as in 1Q22, with a 55% share of total diesel production. In comparison with the first half of 2021, yield was higher by six percentage points, reflecting the strategic orientation to increase the share of cleaner products in Petrobras' production profile.

Pre-salt accounted for 73% of Petrobras' total production

The pre-salt oil fields accounted for 73% of all Petrobras production during the 2nd quarter of 2022. From them, 1.94 million barrels of oil equivalent per day (boed) were extracted between April and June.

In the quarter, Petrobras' average daily production of oil, LNG and natural gas was 2.65 million barrels of oil equivalent, an amount 5.1% lower than in the previous quarter, due to the beginning of the production sharing agreement. of the surplus volumes from the Assignment of Rights of Atapu and Sépia, on May 2, with a reduction in Petrobras' participation in these fields, in addition to the greater number of stops for maintenance and interventions in the pre-salt and post-salt platforms. There was, however, partial compensation with the start of production of the FPSO Guanabara (Mero field), on April 30, and the continuity of increasing production (ramp-up) of the FPSOs Carioca (Sépia field) and P-68 ( Berbigão and Sururu fields), located in the pre-salt layer of the Santos Basin.

The FPSO Carioca reached an average operating production of 155 thousand barrels of oil per day (bpd) in the quarter and the P-68 reached full production capacity on June 21, which allowed the unit to reach 152 thousand bpd, reaching an average of operated production of 130 thousand bpd in the quarter. These effects were already foreseen and did not impact the production prospects for 2022, of 2.6 million boed, with a variation of 4% more or less.

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