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Petrobras reaches its highest historical monthly oil production in Brazil

Petrobras’ oil production in Brazil reached an average of 2,126,000 barrels per day (bpd) in October, corresponding to 0.4% rise in September’s production of 2,118,000 bpd. This flow represents a historical new record, surpassing the previous record 4,800 bpd, reached in December 2010. October was the company’s ninth consecutive month of oil production growth in the country.

Total oil production operated by Petrobras in Brazil, which includes the share operated by its partners, reached in October its fourth consecutive record of 2,268,000 bpd—up 1.3% from September’s production of 2,239,000 bpd.

Petrobras’ total oil and gas production in Brazil corresponded to 2,579,000 boed, indicating a rise of 0.6% in relation to September´s production of 2,565,000 boed, and a new historical record. Total oil and natural gas production operated by Petrobras in Brazil, which includes the share operated by its partners, in turn, corresponded to 2,783,000boed in October, up 1.5% on the volume obtained in September, representing once again the highest total production operated ever reached by the company.

The rise in production was driven primarily by the ramp-up of new production systems, as the P-58, at Parque das Baleias (Campos Basin); P-55 and P-62, at Roncador (Campos Basin); FPSO Cidade de Paraty, at Lula Nordeste (Santos Basin); FPSO Cidade de São Paulo, at Sapinhoá (Santos Basin); besides FPSO Cidade de Mangaratiba start-up, at Iracema Sul field (Santos Basin).

In October, ten new offshore wells started up in the Campos and Santos Basins including three production wells and seven injection wells, totaling 63 new wells that have already gone into operation in 2014.

The company’s fleet of PLSV (Pipe Laying Support Vessel) reached 18 units with the start-up of Sapura Topázio (10/5), North Ocean 102 (10/14) and Coral Atlântico (10/20) vessels, in October. Estrela do Mar vessel is expected to arrive in December, and the fleet expected to go into operation this year will be complete.

Oil production at the pre-salt layer reached 606,000 bpd in October, up 14% from September’s volume (532,000 bpd). It is a new monthly production record at this layer. On 28 October, the pre-salt production at Campos and Santos Basins registered the highest daily production of 640,000 bpd. Theses flows include the share operated by Petrobras to partners companies.

This record was obtained with only 31 production wells, totaling 17 at Campos Basin and 14 at Santos Basin.

In compliance with the company’s schedule, some platforms underwent shutdowns in October, which led to the temporary suspension of 68,000 bpd in monthly average production, among which stand out P-37, PNA-2, PCH-1 e FPSO Cidade de Santos interruptions. All these units have already resumed production.

New production systems are also coming online.

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