Petrobras breaks monthly, quarterly operated production records

Oct. 17, 2023
Petrobras produced 3.98 MMboe/d in third-quarter 2023, a quarterly record for operated oil and gas production that came in 7.8% above second-quarter 2023 production, the company said in a release Oct. 16.

Petróleo Brasileiro SA (Petrobras) produced 3.98 MMboe/d in third-quarter 2023, a quarterly record for operated oil and gas production that came in 7.8% above second-quarter 2023 production, the company said in a release Oct. 16.

The company also achieved a monthly record for operated production in September, with 4.1 MMboe/d, 6.8% higher than in August.

The increase is mainly due to the ramp-up of the Almirante Barroso FPSO, which operates in Búzios field, and the P-71 FPSO, in Itapu field—both in the presalt Santos basin offshore Brazil—and the Anna Nery and Anita Garibaldi FPSOs in Marlim and Voador fields in Campos basin offshore Brazil, Petrobras said (OGJ Online, Dec. 22, 2022; June 2, 2023; May 8, 2023; Aug. 17, 2023).

Another factor was the lower number of platform maintenance stoppages in the period, it continued.

The monthly operated production record was also accompanied by the monthly record for presalt operated production in September, when Petrobras reached 3.43 MMboe/d in the layer.

Petrobras will provide a revised oil and gas production guidance to the market on Nov. 9, 2023, together with its third quarter results.