Petrobras adds production quarter-over-quarter

July 23, 2021
Average production of oil, NGL, and natural gas by Petrobras in this year’s second quarter reached nearly 2.80 MMboe/d, 1.1% above the prior quarter, due to the continued ramp-up of platforms P-68 (Berbigão and Sururu fields) and P-70 (Atapu field).

Average production of oil, NGL, and natural gas by Petrobras in this year’s second quarter reached nearly 2.80 MMboe/d, 1.1% above the prior quarter, due to the continued ramp-up of platforms P-68 (Berbigão and Sururu fields) and P-70 (Atapu field).

Production in the presalt area totaled 1.96 MMboe/d in the quarter, representing 70% of Petrobras' total production, 1 percentage point above first-quarter 2021 and 4 percentage points above second-quarter 2020.

In 2Q21, oil and NGL production in the pre-salt fields was 3.4% higher than in the previous quarter, due to the ramp-up of platforms P-68 and P-70, and the stabilization of production levels on the platforms that carried out schedule stoppages in 1Q21, mainly the FPSO Cidade de Paraty and P-66 (Tupi field). In addition, the operator recorded better performance on platforms P-74 and P-76 (Búzios field). These effects were partially offset by the scheduled stoppages of the P-58 (Jubarte field).

Oil and NGL production in the postsalt in the year’s second quarter was 2.9% lower than in the previous quarter, due to higher losses from maintenance stoppages in Campos basin and the divestment of Frade field.

Among the stoppages, Petrobras had higher impact with the platforms FPSO Campos dos Goytacazes (Tartaruga Verde field), P-40 (Marlim Sul field), P-25 and P-31 (Albacora field), P-48 (Albacora field), Barracuda and Caratinga) and P-50 (Albacora Leste field).

Onshore and shallow water production in second-quarter 2021 was 99,000 b/d, 10,000 b/d lower than the previous quarter, mainly due to well interventions, equipment maintenance, the maintenance stoppage of the P-31, in addition to the natural decline of production.

Production abroad in second-quarter 2021 was 43,000 boe/d from the fields in Bolivia, Argentina, and the United States. The drop compared to first-quarter 2021 is mainly due to the natural decline of the fields in Bolivia (San Antônio, San Alberto, and Itaú).