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Petrobras hits ‘historical’ production record

13/01/2015 by Sharon Shahzad

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Petrobras’ total oil and natural gas production in December, in Brazil and abroad, has reached an average of 2 million 863 thousand barrels of oil equivalent per day, representing, what the company says is, the best result ever achieved in the history of the company.

This volume has an increase of 4.4% from 2 million 741 thousand boed registered in November.

The company also reached in December its historical oil and natural gas liquids production record with a monthly average of 2 million 212 barrels of oil per day (bdp). This volume has an increase of 4.8% from 2 million 111 thousand bdp produced in November.

During 12 months, the company’s production in Brazil rose 15.4%, from the monthly average of 1 million 917 thousand bdp, in January, to 2 million 212 bdp in December, demonstrating the production’s strong growth rhythm in the year. Petrobras says it is also important to mention the oil and NGL production reached in December 22nd of 2 million 300 barrels of oil, the highest volume in four years, registering a new daily record.

The total oil and natural gas production in Brazil, in December, was also the highest in the company’s history. The production reached 2 million 675 thousand barrels of oil equivalent per day (boed), 4.6% above November’s production of 2 million 556 thousand boed. The total oil and natural gas production operated by the company, which includes a share of its partners, has reached 2 million 917 thousand boed in December, also registering a new historical record.

More pre-salt records

According to Petrobras, the pre-salt layer production was also another large significant result for the company. In December, it reached an average of 666 thousand barrels of oil per day, 10% higher than previous record, reached in October of the same year that surpassed 606 thousand bdp.

On December 21, the company produced 713 thousand bdp in the pre-salt, a new milestone, 5.8% higher than that recorded last November of 673 thousand bdp.

New interconnected wells

Petrobras says that the excellent production result in December is mainly due to the start-up of two large production systems: FPSO Cidade de Ilhabela at Sapinhoá field and FPSO Cidade de Mangaratiba in Iracema Sul area, at Lula field, both at Santos Basin pre-salt.

This article has been extracted from http://www.offshoreenergytoday.com, please click on this link to read the article in full http://www.offshoreenergytoday.com/petrobras-hits-historical-production-record/

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