Brazil: Petrobras’ February Production Figures

Petrobras’ February average oil and natural gas output in Brazil and abroad was 2,700,814 barrels of oil equivalent per day (boed). Considering only the fields in Brazil, production added up to 2,455,636 barrels of oil equivalent per day (boe).

This was 1.1% less than the total volume lifted last January due to the scheduled shutdown of the Caraguatatuba-Taubaté Gas Pipeline (Gastau); to the completion of the extended well test (EWT) of Aruanã, in the Campos Basin; and on account of the shutdown of FPWSO Dynamic Producer, which was performing the EWT at Carioca Northeast, due to a failure in the vertical production testing column.

In February, oil output exclusively from domestic fields reached 2,098,064 barrels per day, while natural gas production totaled 56,849,000 cubic meters.

The volume of oil and natural gas produced at the fields located in countries where Petrobras has operations closed February at 245,178 boed. Natural gas production abroad was 16.983 million cubic meters.

Highlights of the month

Iracema

On February 27, Petrobras started producing oil at FPSO BW Cidade de São Vicente, located in the area of Iracema, in the Santos Basin pre-salt cluster. It was connected to well RJS-647, at a water depth of 2,212 meters.

This platform is expected to operate in the area for approximately six months in order to collect, among other data, technical information about reservoir behavior and on oil flow in subsea lines. This data will support the development of the final production system for the region, which is slated to go on stream in late 2014 with the installation of the FPSO Cidade de Mangaratiba.

The project is being developed by the consortium formed by Petrobras (operator, with a 65% stake), BG E&P Brasil Ltda. – BG Group (25%), and Petrogal Brasil S.A. (10%).

Baúna and Piracaba

On February 17, with the completion of the Extended Well Tests underway in the Tiro and Sídon areas, the Company submitted to the National Petroleum Agency (ANP) the Declaration of Commerciality for those oil and gas accumulations, which became known as the Baúna and Piracaba, respectively.

These fields are located in exploratory block BM-S-40 (100% Petrobras), in the southern portion of the Santos Basin, a shallow water area nestled in the post-salt region.

Source: Petrobras, March 29, 2012

 

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