Oil and Natural Gas Production in January

Source: www.gulfoilandgas.com 2/29/2016, Location: South America

Petrobras informs that its average oil and natural gas production amounted to 2.47 million barrels of oil equivalent per day (boed) in Brazil and 183,000 boed abroad, totaling 2.65 million barrels boed. Oil production averaged 2 million barrels per day (bpd) in Brazil and 92,000 bpd abroad.

Average daily production in the pre-salt province reached 1.03 million boed, while pre-salt oil output operated by Petrobras averaged 822,000 bpd. Natural gas production in Brazil, excluding liquefied volume, averaged 74.1 million m3/day.

The company’s oil and gas output in January was 7.1 % down on the previous month (2.66 million boed), primarily due to scheduled maintenance stoppages in some high-production platforms, notably P-58 (Parque das Baleias, with current output of around 120,000 bpd), FPSO Cidade de Mangaratiba (Lula, with current output of around 130,000 bpd) and P-48 (Barracuda/Caratinga, with current output of around 50,000 bpd).

Oil and gas production abroad

In January, oil production abroad averaged 92,000 bpd, 4.2% less than the month before, chiefly due to the stoppage of production in the Agbami field in Nigeria for maintenance (already concluded) and the energy cuts due to heavy rainfall in the Medanito field in Argentina.

Natural gas production averaged 15.5 million m3/d, a 4.3% reduction over the previous month, most of which in the Hadrian South field, in the United States, due to the stoppage to modify the platform’s gas plant.

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