Emergency situation on Petrobras oil platform is revealed after decrease in state-owned shares

North Fluminense Oil Workers Union announces problems on the P-31 platform

On the previous Saturday, Petrobras (PETR3;PETR4), the Brazilian oil giant, disclosed that the P-31 platform, located in the Albacora field in Campos Basin, suffered a break in two of its anchoring lines last Wednesday (03).

Circumstances of the Disruption and Petrobras' Response

As reported by Broadcast, during the incident, the platform was on a scheduled maintenance shutdown. This prevented Petrobras' production from being harmed. When in operation, this unit has the capacity to generate an average of 16 thousand barrels of oil per day.

In response to the incident, Petrobras stated: “The P-31 is anchored by eight moorings and we are supervising the movement of the unit (walk), which complies with the safety standards established in the project. The platform is stable and safe, presenting no risk to people or the environment”. Petrobras also assured that all inspection authorities were notified and that all necessary actions to repair the system are already in progress.

O North Fluminense Petroleum Union (Sindipetro-NF)), affiliated with the Single Federation of Oil Workers (Fup), communicated that it is monitoring the situation and confirmed that, at this moment, everything is in fact stabilized. The union also observed that on the day of the rupture, the sea conditions were so adverse that it was impossible to take off and land at the unit.

Movement of Petrobras Shares after the Incident

Petrobras' preferred shares (PETR4) ended the session on Friday (07) on the Stock Exchange with a drop of 0,51%, quoted at R$ 29,50. PETR3 shares also ended down 0,54%, with shares trading at R$33,13. With the reopening of the stock exchange next Monday (10), it will be possible to assess the effect of this news on the oil company's shares.

Information via Estadão Investor