Monthly bulletins for pre-salt contracts will be released by PPSA

June 10, 2020

The company Pre-Sal Petróleo (PPSA) released today (10) the first Monthly Bulletin of Production Sharing Contracts, which reveals that, in April, the total production of oil under sharing in the pre-salt area, including consortia and Union, reached 56 thousand barrels per day (bpd).

The bulletins will be monthly. Created in November 2013, PPSA is linked to the Ministry of Mines and Energy and operates in the management of production sharing contracts, management of the sale of oil and natural gas and the representation of the Union in unitization agreements [individualization].

The production of 56 thousand bpd / day refers to three of the 17 contracts that today produce under this sharing regime. These are the Development Areas of Mero (Libra contract), Entorno de Sapinhoá and Sudoeste de Tartaruga Verde. Of this total, the average daily installment of the Union in the three contracts reached 10.1 thousand bpd, of which 5.4 thousand bpd in the Mero Development Area; 4.7 thousand bpd in Entorno de Sapinhoá; and 27 bpd in Tartaruga Verde. According to PPSA, the result shows an expansion of 31.1% compared to April 2019, when the Union’s share totaled 7,700 bpd in the three areas.

The three production contracts operate with four floating production, storage and transfer units and 18 wells. In April, the largest contribution came from the Mero Development Area, which produced 36 thousand bpd, adding to the consortium and the Union, followed by Tartaruga Verde with 12 thousand bpd, and the Surrounding of Sapinhoá, with 8 thousand bpd.

Natural gas

Of the three contracts, only Entorno de Sapinhoá and Sudoeste de Tartaruga Verde produce natural gas for commercial use, totaling 270 thousand m³ / day in April 2020, 182 thousand m³ / day of Entorno de Sapinhoá and 88 thousand m³ / day of Tartaruga Verde. The result shows a reduction of 0.73% compared to the same month last year, when production was 272 thousand m³ / day.

The daily installment of the Union in April 2020 was 111 thousand m³ / day. PPSA pointed out that the natural gas produced in Mero has not yet been commercially used.

Source: Agência Brasil

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.