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In 2023, Petrobras closed with 10,9 billion boe, 84% of which was oil and condensate and 16% natural gas. Net increase.
Petrobras is one of the largest oil companies in the world, operating in several countries and has a decades-long history of leadership in the sector. With oil and gas reserves for more than 12 years, the company plays a fundamental role in the energy supply in Brazil and abroad, contributing to economic and social development. Furthermore, Petrobras is always looking for innovation and technology to ensure efficient and sustainable use of natural resources.
The oil company Petrobras has faced challenges and achievements over the years, adapting to market changes and seeking new growth opportunities. Recently, the company has stood out for its discoveries of oil and gas reserves, bringing good prospects for the future. Petrobras is a reference in the energy segment, with a global impact and an established reputation in the international market.
Petrobras maintains its oil and gas reserves
Petrobras revealed that its oil reserves are sufficient to meet the demand for more 12,2 years maintaining constant production. The total volume of reserves is 10,9 billion barrels of oil equivalent (boe) by the end of 2023, with 84% being oil and condensate and 16% natural gas. These numbers, certified by DeGolyer and MacNaughton (D&M) following the SEC discretion, include a net increase of 400 million boe obtained after discounting production. This growth came from new volumes in fields such as Búzios, Tupi and Atapu, in the Santos Basin, in addition to the declaration of commerciality of the gas fields Manta Ray and Spotted Ray, operated by Equinor, in the Campos Basin. However, the company warns of a possible decline, as the pre-salt is expected to decline no new discoveries. It is essential for Petrobras to invest in maximizing the recovery factor and exploring new frontiers to replenish oil and gas reserves. Petrobras' exploratory bet is on Equatorial Margin, which runs from Rio Grande do Norte to Oiapoque (AP), and also begins to advance in the exploration of Potiguar Basin on the Equatorial Margin. Another point of attention is the escalation of conflicts in the Middle East, which could further pressure the price of oil on the global market. Furthermore, the International Energy Agency attests to the importance of maintaining national oil reserves to guarantee the country's energy and economic security. As a result, Petrobras continues to seek new strategies to expand its oil and gas reserves, remaining a fundamental player in the country's energy scenario.
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Source: EPBR
