Petrobras presalt production continues steady rise

(OM) Petrobras’ average production in first-quarter 2023 rose to 2.68 MMboe/d.

Main factors were the ramp-up of the P-71 FPSO at the Itapu Field in the presalt Santos Basin; startup of eight new wells in the Campos Basin (including three at Roncador and four at Barracuda, Caratinga, and the Jubarte Cluster); and improved platform production efficiencies.

Presalt output for the company set a new monthly record of 2.13 MMboe/d in February and a quarterly record of 2.05 MMboe/d, equivalent to 77% of Petrobras total production (up from 75% in fourth-quarter 2022).

Its overall operated production in the quarter was 3.74 MMboe/d.

In February, the FPSO Guanabara MV31 at the presalt Santos Basin in the Mero Field delivered a record 179,000 bbl/d, 10 months after startup and from four producing wells.

Later in the current quarter FPSO Almirante Barroso, with a nominal oil production capacity of 150,000 bbl/d, will be the fifth platform to enter service on the giant Búzios Field in the same basin. The platform is moored, and the first production well has been completed.

However, Petrobras’ post-salt production was down 4.5% in the quarter to 383,000 boe/d, mainly related to production shutdowns affecting the P-18 and P-20 platforms and divestments of interests in the Albacora Leste and Papa-Terra fields.

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