Petrobras' May oil production in Brazil up 2.2%


Petrobras' May oil production in Brazil up 2.2%

RIO DE JANEIRO -- Petrobras’ May oil production in Brazil averaged 1.975 MMbpd, up 2.2% from an average of 1.933 MMbpd in April. Including the production operated by Petrobras for its partners in Brazil, the volume reached the 2.092 MMbpd mark, up 2.9% from the previous month’s production of 2.034 MMbpd.

The company’s oil and natural gas production in Brazil in the same month was 2.387 MMboepd, indicating a 2.2% rise from April (2.335 MMboepd). Including the production operated by Petrobras for its partner companies in Brazil, the volume reached 2.558 MMboepd, up 2.9% from April’s production of 2.487 MMboepd.

The start-up of new wells on platforms P-58 (Parque das Baleias), P-63 (Papa-Terra), P-55 (Roncador) as well as the start-up of platform P-62 (Roncador), all in the Campos Basin, contributed to the rise in production. Overall, 22 wells (14 for oil and gas production and eight for water injection) will be interconnected to P-62 within the next few months. This FPSO (floating production storage and offloading) unit has the capacity to process up to 180 Mbbl of oil and 6 MMcmpd of natural gas.

Pre-salt records

In May, the pre-salt production in the Santos and Campos basins rose 8.8% to 447 Mbpd, setting yet another monthly record. On May 31, a new pre-salt daily production record of 482 Mbpd was established. These volumes include the production operated by Petrobras for its partners.

The pre-salt records stem from a rise in production on platform P-58 and the excellent performance of other production wells in that region, most notably Lula and Sapinhoa fields, where flow rates above 30 Mbpd per well have been achieved consistently.

Installation of the last of four buoyancy-supported risers (BSR), pioneer pipeline support technology through submerged buoys, was completed on May 9. The wells producing for FPSOs Cidade de Sao Paulo and Cidade de Paraty are being interconnected to these buoys.

Maintenance shutdowns of platforms

According to the long term planning, scheduled maintenance shutdowns were implemented in some platforms in May, the most relevant of which was P-51. The unit, which operates in Marlim South field, in Campos Basin, was shut down from April 28 to May 12 for maintenance and equipment inspection. Consequently, on average, 24 Mbpd were not produced in May at this unit.

The Operational Efficiency Increase Program (Proef), initiated in 2012, has been showing excellent results: the production systems of the Campos Basin Operations Unit (UO-BC) ended May with the highest operational efficiency rate of the last 47 months, at 81.2%. Currently, six Maintenance and Safety Units (UMSs) carry out platform support activities at the UO-BC, with the objective of sustaining efforts to improve operational efficiency.

On May 5, Petrobras broadened this program to include the Espírito Santo Operations Unit (UO-ES) with the aim of ensuring that the unit retains its high rate of efficiency over the next few years, similar to UO-Rio.

It should also be noted that the efficiency rates for the new platforms that came on line in the pre-salt cluster of the Santos Basin reached 96.2% in May.

New platforms to start-up in 2014

New production systems will go on stream in 2014 to ensure sustained production growth, as outlined in the Petrobras’ 2014-2018 Business and Management Plan, which has set a 7.5% rise by the end of 2014, with a margin of tolerance of one percentage point upwards or downwards.

In the second half of the year, the P-61 platform will go on stream on Papa-Terra field (Campos Basin post-salt), which will be interconnected to the Tender Assisted Drilling (TAD) semisubmersible platform SS-88, whose offshore installation activities are in progress. In addition, FPSOs Cidade de Mangaratiba, on Lula/Iracema field, and Cidade de Ilhabela, on Sapinhoa field, both in the Santos Basin pre-salt, will be installed by the end of the year.

PLSV Seven Waves, which was incorporated into the Petrobras fleet on April 28, started-up on May 14, increasing the fleet to 14 vessels currently in operation. Another five vessels are expected to arrive by the end of 2014.

Natural gas production

In May, natural gas production reached 65.4 MMcmpd surpassing the previous month’s production of 64 MMcmpd by 2.2%. The total production operated by Petrobras, including the share operated for its partners, was 73.960 MMcmpd, up 2.9% from April.

Production abroad in May equivalent to 8.4% of Petrobras total

In May, production abroad averaged 218.4 Mboepd, representing 8.4% of the company’s production, which totaled 2.605 MMboepd in the same period.

Total oil and natural gas extraction abroad fell 3.1% in May to 218.4 Mboepd, down from 225.4 MMboepd in the previous month. This was largely due to the completion of the transfer of onshore assets in Colombia, divestment stated in 2013, which led May’s oil production of 121 Mbpd to be down 6.1% from the previous month’s production of 128.9 Mbpd.

Natural gas production abroad was 16.547 MMcmpd, up 0.9% from April’s production of 16.395 MMcmpd, due to higher sales of Bolivian gas to the Brazilian market.

Production reported to the ANP

The total production reported to Brazil’s National Petroleum Agency (ANP) in May 2014 was 9,785,640.85 cm of oil and 2,410,421,380 cm of gas. This production corresponds to the total output of the concessions where Petrobras is the operator. It does not include shale volumes, LNG and partners’ output where Petrobras is not the operator.

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