PPSA forecasts a production of 8,2 billion barrels of oil by 2031 and expects to raise BRL 696 billion from the sale of this volume
The company linked to the Ministry of Mines and Energy (MME) Pré-Sal Petróleo SA (PPSA) ended the year 2021 filling the Union's coffers. With the production of oil and gas, R$ 1,22 billion were raised, which represents an increase of 74% compared to the result of 2020, when R$ 704 million were raised.
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According to the state-owned company, the result is a record in the historical series, surpassing the previous record of R$ 1,1 billion, recorded in 2018. The resources are related to the commercialization of the Union's share of oil and natural gas in the production sharing contracts.
In 2021, Pré-Sal Petróleo sold 3,5 million barrels of oil from the União do Campo Entorno de Sapinhoá and the Mero Development Area (Libra). 57,6 million cubic meters of natural gas were also sold from the union of the Búzios, Entorno de Sapinhoá, Tartaruga Verde Sudoeste and Tupi fields.
The company's CEO, Eduardo Gerk, said that the result represents the beginning of a curve of growth in revenue expected for the Union in the coming years. “The contracts are going into production, and this excellent result confirms the growth trend that we will see in the coming years.”
Since its creation in 2013, Pré-Sal Petróleo has already raised BRL 3,9 billion for public coffers
At the end of last year, PPSA released the study Estimates of Results in Production Sharing Contracts, which forecasts production, by 2031, of 8,2 billion barrels of oil under a production sharing regime, of which 1,5 billion of barrels referring to the share of the Union. “We expect to raise US$ 116 billion with the sale of these volumes”, added Gerk,
Since its creation, in 2013, PPSA has raised R$3,9 billion for the Union, of which R$2,6 billion from oil and gas trading and R$1,3 billion from cost equalization and volumes, carried out by the company in areas where the Union has participation in production individualization agreements (AIPs).
Oil and natural gas production reached, in November, the highest level in the historical series
The production of oil and natural gas under a production sharing regime reached, in November 2021, the highest level in the historical series since 2017: a daily average of 447 thousand barrels of oil and 1,3 million cubic meters of natural gas . The information is from the Monthly Production Sharing Bulletin, released last Tuesday (11) by Pré-Sal Petróleo (PPSA), which since September has registered a substantial increase in volumes produced due to the start of production of the excess volumes of the Assignment of Rights from Búzios on a sharing basis.
In November, the 26% growth in oil and 200% in gas, compared to the previous month, is specifically linked to yet another activity in Búzios: the resumption of operation on the P-76 platform, which underwent scheduled maintenance in October.
Also in November, three contracts were in production. Of the total 447 bpd, 435 bpd came from Búzios, followed by 7 bpd from Entorno de Sapinhoá and 5 bpd from Tartaruga Verde Sudoeste. The Mero Development Area (Libra) had no production that month due to the closure of the first Early Production System 1 (SPA-1) and the change of location of FPSO Pioneiro de Libra to the start of SPA-2.
Since 2017, the accumulated production under the production sharing regime is 95,6 million barrels of oil and 343 million m³ of natural gas
The daily average of the Union's total oil surplus in November was 10,4 thousand bpd, with 6,1 thousand bpd from Campo de Búzios and 4,3 thousand bpd from the surrounding area of Sapinhoá. In Tartaruga Verde Sudoeste, the Union's oil surplus was used to settle the Account Settlement with the operator, through the redetermination of shares carried out in the Production Individualization Agreement (AIP).
Of the daily production of natural gas for sale in the period, of a total of 1.309 thousand m³/day, 1.115 thousand m³/day were from Campo de Búzios, 158 thousand m³/day from Entorno de Sapinhoá and 36 thousand m³/day from Tartaruga Verde Sudoeste . The daily average of the total surplus in natural gas was 120 thousand m³/day (16 thousand m³/day in Búzios and 104 thousand m³/day in the surrounding areas of Sapinhoá). Compared to the previous month, the daily average of the Union's total natural gas surplus represented a 10% reduction due to the scheduled shutdown of the FPSOs City of Ilhabela, in Sapinhoá. In Tartaruga Verde Sudoeste, the Union's excess gas was also used to settle the Account Settlement with the operator resulting from the redetermination of the AIP.
Since 2017, the accumulated production under the production sharing regime is 95,6 million barrels of oil and 343 million m³ of natural gas. Of the total, 11,2 million barrels of oil and 98,4 million m³ of natural gas refer to the share of the Union.
