3R Petroleum Oil and Gas recorded a loss of R$ 147.5 million in the fourth quarter of last year. With the result, the company recorded a total net loss of R$ 172.3 million in 2020.
With regard to net revenue, the company recorded R$ 85.2 million in the fourth quarter, with a value of R$ 204.2 million in the accumulated in 2020. Ebitda amounted to R$ 50.5 million in the last quarter of last year and R $ 53.4 million in the year to date.
“Macau’s operating result and 35% at Polo Pescada allowed the company to deliver annual revenue of over R $ 200 million and another quarter with positive operating results and adjusted EBITDA, supported by a lifting cost of US $ 6.25 / boe , which reinforces 3R’s financial resilience and places it as a benchmark among independent players operating in Brazil ”, informed the company.
The company’s fourth quarter results included only the Macau cluster, operated by the company, and 35% of the Pescada Arabaiana fields, operated by Petrobras. The other assets are still in transition with the state-owned company.
The oil company reinforced that it intends to remain focused on operational indicators, with the constant search for dilution of fixed costs by increasing production.
3R also presented the certification for reserves at the Recôncavo and Peroá Hubs.
In the case of the Recôncavo cluster, production in 2020 was 2.1 thousand barrels of oil per day and 468 thousand m³ / day of natural gas. The volume of proved and probable reserves (“2P”) of the cluster is 61.2 million boe, based on a report issued by DeGolyer & MacNaughton.
The Peroá field, in turn, produced 207 barrels of oil per day and 670 mil³ / day of gas. According to certification by Gaffney Cline, the volume of proven and probable reserves at the hub is 12.3 million boe.
Considering the company’s entire portfolio, the most current data on the company’s proven and probable reserves is 173.8 million boe.
Brazil Energy Insight 
Leave a comment