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3R Petroleum’s Oil And Gas Production Reaches 11,800 Barrels Per Day In June

Written by Roberta Souza

Published on 18/07/2022 at 14:12

Oil and Gas

Foto: Reprodução pixabay.com

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Oil And Gas Production Of 3R Petroleum Hits A Mark Of 11.8 Thousand Barrels Per Day In June

Compared to the same period last year, the oil and gas production of the company in the second half of this year showed a growth of 33.6%

Last Friday (the 15th), the company 3R Petroleum (RRRP3) released the production data of oil and gas for the month of June.

In this regard, it was observed that the daily average of barrels of oil equivalent (BOE) produced by the company in June was 11.8 thousand. In the second quarter, the production was, on average, 12.2 thousand barrels per day.

ARTICLE CONTINUES BELOW

The Results Of 3R Petroleum (RRR3R) In The First Quarter Of 2022

During the first quarter of this year, the company reported a 662.2% increase in losses, reaching R$ 335.1 million. The earnings before interest, taxes, depreciation, and amortization (EBTIDA) of the company, in turn, amounted to R$ 198.5 million, representing an annual increase of 150.3%.

In total, the net revenue of 3R was R$ 375.2 million, a value 182.6% higher compared to the same period in 2021.

As for the total average daily production of the company, it reached a mark of 9.16 thousand barrels per day, while the average daily barrels of oil was approximately 7.6 and that of gas was 1.4.

In the first days of January to March, the average price of a barrel of oil was US$ 93.8 per barrel.

Finally, last Friday, the stock of 3R Petroleum rose 0.52%, being quoted at R$ 29.26. Since the beginning of this year, the stock has dropped 14.32% in value.

About 3R Petroleum

3R Petroleum is a publicly traded Brazilian company focused on the production of oil and natural gas. Its focus is on redeveloping mature fields and in production by combining high technical expertise to operate and enhance production and reserves safely and with quality, and financial structure to carry out complex projects.

The 3R’s to which the company name refers relate to its ideals of rethink, redevelop, and revitalize.

First, processes are rethought, with each oil and gas field being distinct from others, in order to maximize each asset. Then, there is the redevelopment of production, with the implementation of new strategies in mature oil assets capable of increasing profitability. Finally, operations, the community, and the environment are revitalized through robust investment and optimization plans.

3R Petroleum’s Oil And Gas Production Reaches 11,800 Barrels Per Day In June

Oil And Gas Production Of 3R Petroleum Hits A Mark Of 11.8 Thousand Barrels Per Day In June

The Results Of 3R Petroleum (RRR3R) In The First Quarter Of 2022

About 3R Petroleum

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3R Petroleum’s Oil And Gas Production Reaches 11,800 Barrels Per Day In June

Oil And Gas Production Of 3R Petroleum Hits A Mark Of 11.8 Thousand Barrels Per Day In June

The Results Of 3R Petroleum (RRR3R) In The First Quarter Of 2022

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