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Brazilian oil and gas production breaks record in May

Written by Renato Oliveira
Published 04/07/2019 às 06:30

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BRA06 – CAMPOS (BRAZIL), 07/12/04.- Archive photo (18/11/03). The Brazilian state-owned Petrobras will revise its estimates of minimum oil prices in its new investment projects, taking into account the world trend of the industry, said today, March 7, the president of the company, José Eduardo Dutra. These reference prices are used by oil companies to calculate the viability of their new investments. In the case of Petrobras, the revision was to be included in its 2005 strategic plan to give the green light to new projects that are on the brink, explained the executive EFE/ARCHIVO/Marcelo Sayão
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Increase in production was almost 5% both in relation to the previous month and in relation to the same period last year.

The Anp disclosed yesterday, Tuesday (02/07), the results of the national production of Oil and Gas for the month of May and it was a record.
2,731 million barrels per day of oil were produced, the best mark achieved was in December 2016, when 2,730 million bpd were produced. The increase was 4,7% in the annual comparison and 4,9% in relation to April.

Natural gas production was also a highlight, reaching 118 million cubic meters/day, breaking the previous record, which was 117 million m³/day, produced in October 2018. The increase was 5,4% in the annual comparison and of 4,4% in relation to April.

CONSTRUCTION – FREE MARKET

CONSTRUCTION – FREE MARKET

Totaling the production of Oil and Gas, the so-called boed (Barrels of oil equivalent), May's production is also a record, 3,474 million barrels of oil equivalent per day (boe/d) compared to the previous record of December 2016, which was 3,433 million boed.

The pre-salt

Much of these numbers are due to pre-salt production, which contributed to the current record, as there was an increase of 6,4% compared to April and 14,5% m compared to the same period last year.

In May, Pre-salt represented 60,7% of the total produced in Brazil, with 1,64 million barrels per day of oil and 68,7 million cubic meters/day of natural gas, or a total of 2,106 million barrels of oil equivalent per day (boe/d).

According to the results released by the ANP, Brazilian oil comes from 7.107 wells, 642 offshore and 6.465 onshore, with Petrobras responsible for producing 94,4% of oil and natural gas.

The largest producing well was the Lula field, in the Santos Basin, which produced an average of 910 barrels of oil per day (bbl/d) and 39,1 million cubic meters of natural gas per day (m³/day ).

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Renato Oliveira

Production Engineer with a postgraduate degree in Manufacturing and assembly of pipelines with 30 years of experience in inspection/manufacturing/assembly of pipelines/tests/Planning and PCP and commissioning in shipbuilding/offshore (conversion of FPSO's hulls and topsides modules) in the largest national shipyards and 2 years in a Japanese shipyard (Kawasaki) inspecting and accompanying fabrication and assembly techniques of structures/pipes/outfittings (advanced finishing) for hull from Drillships.

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