Petrobras’ domestic output down on FPSO stoppage

Petrobras' domestic output down of FPSO stoppage

Brazil’s Petrobras saw its oil and natural gas production in February totaling 2.82 million barrels of oil equivalent per day (boed), with 2.703 million boed produced in Brazil and 113,000 boed abroad.

Average domestic oil output stood at 2.20 million barrels per day (bpd), 1% down on the January figure. This was mainly due to a scheduled stoppage on FPSO Cidade de Paraty in the Santos Basin’s Lula Nordeste pre-salt field, and termination of the Anticipated Production System (SPA) test phase in the Búzios field under the Rights Transfer Agreement.

The SPA was designed to gather information about the behavior of the reservoirs in the oilfield.

In February, production of natural gas in Brazil (excluding liquefied gas) stood at 80.2 million m³/d, 1% down on the previous month, mainly because of a scheduled stoppage on the FPSO Cidade de Paraty.

 

Pre-salt Production

 

In February, oil and natural gas production managed by Petrobras (own and third party output) in the pre-salt layer was 1.53 million boed, showing growth of 41% against the February 2016 figure. However, compared to January this year, this figure is represents a 3% drop, which was due to a scheduled stoppage on FPSO Cidade de Paraty in the Santos Basin’s Lula Nordeste pre-salt field, and termination of the SPA test phase in the Búzios field.

 

Gas and oil production abroad

 

In February, oil output from oilfields abroad stood at 63.5 million bpd, 8% down on the previous month. Natural gas production amounted to 8.4 million m³/d, 3% down on the January 2017 figure. This was mainly due to operational stoppages in the Lucius and Hadrian South fields in the U.S. because of limitations in the distribution capacity of third-party facilities.

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