Petrobras Production & Sales Report 4Q24

Highlights – 2024
In 2024, Petrobras achieved all the production targets set out in its 2024-2028+ Strategic Plan, within the ±4% range.
Total oil and natural gas production reached 2.7 million barrels of oil equivalent per day (boed).
Commercial production of oil and natural gas in 2024 reached 2.4 million boed and oil production was 2.2 million barrels per day (bpd).
The company also set new annual records for total own production and operated production in pre-salt, with 2.2 million boed and 3.2 million boed, respectively. The production volume in pre-salt represents 81% of the total production in 2024.

Highlights of the main events of the year:

• Production start-up of FPSO Maria Quitéria on October 15th: in Jubarte field, in the region known as
  Parque das Baleias, in the pre-salt region located in the Espírito Santo portion of the Campos Basin.
  The unit is designed to produce up to 100,000 bpd and process up to 5 million m³ of natural gas
  daily. FPSO Maria Quitéria had its production start-up anticipated. According to the 2024-28+
  Strategic Plan, its original schedule was 2025.
• Production start-up of FPSO Marechal Duque de Caxias, on October 30th: in Mero field, in pre-salt
  Santos Basin. The unit has the capacity to produce up to 180,000 bpd and compress up to 12 million
  m³ of natural gas daily.
• FPSO Sepetiba, which operates in Mero field, reached its peak production of 180,000 bpd in August,
  after 8 months of operations.
• Start of commercial operations at the Natural Gas Processing Unit (UPGN), located at the
  Boaventura Energy Complex (Itaboraí, RJ). The first module, with processing capacity of 10.5 million
  m3/day of natural gas, began operations on November 10th, and its second module is scheduled to
  come on stream in the first quarter of 2025, reaching a total installed natural gas processing
  capacity of 21 million m3/day with the two modules.
• On December 16th, the FPSO Alexandre de Gusmão departed from the Cosco Qidong shipyard in
  China, heading to Mero field, in Santos Basin’s pre-salt. The platform, which will be the fourth
  definitive production system for the field, is scheduled to start up in 2025 and has the capacity to
  produce 180,000 bpd of oil and compress 12 million m³/d of natural gas.
  —
  Apparent differences in the sum of the installments are due to rounding.

Click here for the 4Q24 Production & Sales Report .