Brazil Stays Steady and Ends April with Daily Oil Production of 2.958 Million Barrels

Written by Flavia Marinho

Published on 02/06/2020 at 16:35

Brasil segue consistente e fecha o mês de abril com produção de 2,958 milhões de barris de petróleo por dia

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97.6% Of All National Oil Production And 86% Of Gas Production Came From Offshore Exploration. Fields Operated By Petrobras

According to the Oil and Natural Gas Production Bulletin released today (2) by the ANP, Brazil closed the month of April with 2.958 million barrels of oil per day, which, although considerably stable, represents a decline of 0.5% compared to the previous month. Petrobras Puts Up For Sale Participation In Exploratory Blocks In The Espírito Santo Basin

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Meanwhile, natural gas production closed the month of April at 124 million m³/day, representing an increase of 1.9% compared to the month of March.

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97.6% Of All National Oil Production And 86% Of Gas Production Came From Offshore Exploration. Fields Operated By Petrobras, in consortium or not, Produced 94.9% Of The Oil And Natural Gas.

According to data from the National Agency of Petroleum, Natural Gas and Biofuels – ANP, 113 wells in the pre-salt currently produce 2.057 million barrels/day of oil and 85.964 million m³/day of natural gas, which represents 70% of oil and gas production in Brazil.

The Lula field, the first development of pre-salt production by Petrobras, is the largest producer in the country, with 1 million barrels per day of oil and 45.7 million m³/day of natural gas.

FGV Brought Together The Presidents Of The 6 Largest Oil Companies In The World For A Debate On The Impact Of Covid-19 On The Oil Industry In Brazil

At the meeting, Petrobras President Roberto Castello Branco mentioned that current foreign investments were only possible due to a relaxation of local content, but he noted that there is still much to be done to make the legislation favorable to investments, without explaining why the last auctions did not attract foreign capital and only had offers from Petrobras and the Chinese, even in consortium with the Brazilian state company.

During the same meeting promoted by FGV, Castello Branco also stated that the sharing regime is detrimental to the state. The concession regime was also defended by Shell’s CEO, André Araújo, while Equinor’s VP, Paulo Van Der Vem, emphasized that although the company is cutting US $400 million in projects worldwide, investments in Brazil will not be reduced and highlighted the company’s projects in Brazil in the Bacalhau, Pão de Açúcar, and Peregrino Phase 2 fields. Check Out The Full Debate Video Here!

Brazil Stays Steady and Ends April with Daily Oil Production of 2.958 Million Barrels

97.6% Of All National Oil Production And 86% Of Gas Production Came From Offshore Exploration. Fields Operated By Petrobras

Read Also

FGV Brought Together The Presidents Of The 6 Largest Oil Companies In The World For A Debate On The Impact Of Covid-19 On The Oil Industry In Brazil

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Norway will excavate 3 million cubic meters of rock to open a 1,700-meter maritime tunnel, where ships will pass through a mountain in 10 minutes, escaping a stretch that has killed more than 30 people since 1900.

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Brazil Stays Steady and Ends April with Daily Oil Production of 2.958 Million Barrels

97.6% Of All National Oil Production And 86% Of Gas Production Came From Offshore Exploration. Fields Operated By Petrobras

Read Also

FGV Brought Together The Presidents Of The 6 Largest Oil Companies In The World For A Debate On The Impact Of Covid-19 On The Oil Industry In Brazil

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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Embrapa takes cashew, peanuts, and sesame to the world’s largest seed bank in Norway, where Brazil has already stored more than 8,000 samples since 2012 against pests and climate change.

China prepares mBridge, a new digital payment system with blockchain that promises transactions in seconds, lower fees, and the advancement of the digital renminbi while aiming to reduce dependence on the dollar in global trade.

Norway will excavate 3 million cubic meters of rock to open a 1,700-meter maritime tunnel, where ships will pass through a mountain in 10 minutes, escaping a stretch that has killed more than 30 people since 1900.

São Paulo accelerates basic sanitation with R$ 70 billion until 2029, expands treated water, sewage, and promises to advance universalization four years ahead of the national deadline.