Oil and gas production by oil company 3R Petroleum reaches 11,8 barrels a day in June
Compared to the same period last year, the oil and gas production of the oil company in the second half of this year grew by 33,6%
Last Friday (the 15th), oil company 3R Petroleum (RRRP3) released production data for oil and gas for the month of June.
Under this bias, it was possible to note that the daily average of barrels of oil equivalent (BOE) produced by the oil company in June was 11,8 thousand. In the second quarter, production was, on average, 12,2 thousand barrels per day.
The oil company 3R carries out its productive activities in five different hubs, namely: Macau; White sand; River Ventura; Recôncavo and Pole Hake. The latter belongs to Petrobras (PETR3), with 3R holding only a 35% stake.
With regard to the oil company's daily production, the largest hub was considered to be Macau, since it was responsible for, on average, 5,7 thousand barrels produced per day in June and 6,2 thousand barrels produced per day in the month of June. first quarter of this year, which is equivalent to 63% of the total.
There was, in all, a growth of 33,6% in the oil company's total production in the second quarter compared to the same period last year.
In addition, the company also informed that the production data referring to 100% of the Polo Fazenda Belém, 100% of the Polo Potiguar, 70% of the Polo Peroá and 43,75% of the Polo Papa-Terra will be incorporated into the current report as soon as the transition processes with Petrobras are finalized and the necessary approvals from the National Petroleum, Natural Gas and Biofuels Agency (ANP) are obtained.
3R Petroleum (RRR3R) results for the first quarter of 2022
During the first quarter of this year, the oil company recorded a 662,2% increase in losses, which reached R$ 335,1 million. The company's earnings before interest, taxes, depreciation and amortization (EBTIDA), in turn, reached R$ 198,5 million, which represents an annual increase of 150,3%.
In all, 3R's net revenue was BRL 375,2 million, an amount 182,6% higher compared to the same period in 2021.
As for the total average daily production of the company, the mark of 9,16 thousand barrels per day was reached, while the daily average of barrels of oil was approximately 7.6 and the 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 share of oil company 3R Petroleum rose 0,52%, having been quoted at R$ 29,26. Since the beginning of this year, the paper has fallen by 14,32% in value.
About 3R Petroleum
3R Petroleum is a publicly traded Brazilian company dedicated to the production of oil and natural gas. Its focus is on the redevelopment of mature fields and those in production, through the gathering of high technical expertise, to operate and increase production and reserves with safety and quality, and financial structure, to carry out complex projects.
The 3R's to which the company's name refers relate to its ideals of rethinking, redeveloping and revitalizing.
First, processes are rethought, with each oil and gas field being distinct from the 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.
