Brazil Oil Production Grows 2.7% in November at 2.8 MM/bpd

Domestic oil production in November was 2.852 million bpd, up 2.7% from the previous month; and 3.5% compared to November 2020. In natural gas, with production of 137 million cubic meters per day, there was an increase of 3.7% compared to October and 8.1% compared to November 2020 Total Brazilian oil and gas production during November reached 3.711 million barrels of oil equivalent per day.

Pre-salt production in November totaled 2.714 million bpd, of which 2.141 million were oil and 91 million cubic meters per day were natural gas. There was an increase of 2.8% compared to the previous month and 12% compared to the same month in 2020. The pre-salt production originated from 131 wells and corresponded to 73.2% of the total produced in Brazil.

This November, the offshore fields produced 97.1% of oil and 81.9% of natural gas. The fields operated by Petrobras accounted for 93.7% of the oil and natural gas produced in Brazil. In November, the Tupi field, in the Santos Basin pre-salt, was the largest producer of oil and natural gas, recording 874,000 bpd and 40.9 million cubic meters of natural gas per day. Platform P-77, producing in the Buzios field through five wells connected to it, was the installation with the highest oil production, with 161,290 thousand bpd. The installation FPSO Cidade de Itaguaí, producing in the Tupi field, through 7 wells connected to it, was the installation with the highest production of natural gas, producing 7.383 million cubic meters per day. Estreito, in the Potiguar Basin, had the highest number of onshore oil producing wells: 944. Tupi, in the Santos Basin, was the offshore field with the highest number of producing wells: 60. These fields produced 439.1 barrels of oil equivalent per day, with 172.8 barrels of oil and 42,300 cubic meters of natural gas per day. The Iraí field, operated by Petroborn, was the largest gas producer, with 250.5 barrels of oil equivalent per day.

The mature onshore basins (fields/long-term tests in the Espírito Santo, Potiguar, Recôncavo, Sergipe and Alagoas basins) produced 88,863 thousand barrels of oil equivalent per day, with 69,491 thousand barrels per day of oil and 3.1 million meters daily cubic of natural gas. Of this total, 60,900 barrels of oil equivalent per day were produced by Petrobras and 27.9 thousand barrels of oil equivalent per day (boe/d) were produced by concessions not operated by Petrobras, of which: 15,979 boe/d in Rio Grande do Norte, 10,986 boe/d in Bahia, 534 boe/d in Espírito Santo, 283 boe/d in Alagoas and 183 boe/d in Sergipe.