Union Oil Production Under The Sharing Regime Reaches Record High In The First Half Of The Year

Written by Ruth Rodrigues

Published on 21/08/2023 at 10:46

Updated on 21/08/2023 at 14:37

Foto: Agência Petrobras

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The Union, represented by the federal government, recorded a remarkable increase in its accumulated share of oil, reaching 7.27 million barrels during the first half of the year. This stunning number represents more than double the volume obtained in the same period last year, when the share reached 3.6 million barrels. The revealing data was announced last Thursday (18) by Pré-Sal Petróleo (PPSA), the state-owned company responsible for managing the contracts under the sharing regime.

According to PPSA, this exponential growth is a result of the boost provided by the production of three key fields: Mero, Búzios, and Sapinhoá.

The Mero field, in particular, stood out by contributing an impressive production of 5 million barrels.

ARTICLE CONTINUES BELOW

Production Records And Performance Of The Fields Of Mero, Búzios, And Sapinhoá Drive Results

In June, the daily average production from the seven contracts reached 881 thousand barrels per day, marking an increase of 8% compared to the previous month.

This increase can be attributed to the return to operation of the Mero and Búzios fields, which underwent a maintenance shutdown.

Búzios continues to lead production, also standing out when it comes to the oil surplus belonging to the Union among the seven production sharing contracts.

The daily average stood at 42.18 thousand barrels, with contracts such as Libra, Búzios, and Sépia standing out as the main contributors.

Regarding the total production of natural gas for commercial utilization, the average reached 2.69 million cubic meters per day, which represents a 1% increase compared to the previous month (May).

These numbers highlight the promising landscape of the oil and gas sector under the production sharing regime in Brazil.

Union Oil Production Under The Sharing Regime Reaches Record High In The First Half Of The Year

Production Records And Performance Of The Fields Of Mero, Búzios, And Sapinhoá Drive Results

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Union Oil Production Under The Sharing Regime Reaches Record High In The First Half Of The Year

In The First Half Of This Year, The Union Accumulated 7.27 Million Barrels Of Oil Under The Production Sharing Regime, More Than Double Compared To Last Year.

Pré-Sal Petróleo (PPSA) Reveals Significant Increase In The Oil Share Destined For The Union

Production Records And Performance Of The Fields Of Mero, Búzios, And Sapinhoá Drive Results

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