Brazil National Production of oil and natural gas increased in May and reached 4.234 million barrels of oil equivalent per day (boe/d)

(TN) ANP released today (2/7) the Monthly Oil and Natural Gas Production Bulletin for May 2024, which provides consolidated data on national production. This month, there was an increase in oil and natural gas production, and also in pre-salt production.
Total production (oil + natural gas) was 4.234 million barrels of oil equivalent per day (boe/d).

Regarding oil, 3.318 million barrels per day (bbl/d) were extracted, an increase of 3.9% compared to the previous month and 3.6% compared to the same month in 2023.

Natural gas production in May was 145.63 million cubic meters per day (m³/d). There was an increase of 6.6% compared to April 2024 and 0.8% compared to May 2023.

Pre-salt

Total production (oil + natural gas) in the pre-salt, in May, was 3.314 million boe/d and corresponded to 78.3% of Brazilian production.

This number represents an increase of 5% compared to the previous month and 3.7% compared to the same month in 2023. 2.599 million bbl/d of oil and 113.73 million m³/d of natural gas were produced through 145 wells.

Use of natural gas

In May, natural gas utilization was 97.6%. 46.75 million m³/d were made available to the market and the burning was 3.55 million m³/d. There was a 9.5% drop in burning, compared to the previous month, and 14.2% compared to May 2023.

Origin of production

During the month, offshore fields produced 97.5% of oil and 86.2% of natural gas. The fields operated by Petrobras, alone or in consortium with other companies, were responsible for 88.88% of the total produced. Production originated from 6,549 wells, 504 offshore and 6,045 onshore.

Fields and facilities

In the month of May, the Tupi field, in the pre-salt Santos Basin, was the largest producer of oil and gas, recording 755.46 thousand bbl/d of oil and 37.01 million m³/d of natural gas . The installation with the highest production of oil and natural gas was the FPSO Guanabara, in the shared Mero deposit, with 179,546 bbl/d of oil and 11.68 million m³/d of gas.