Oil and Gas

Three pre-salt fields account for more than half of brazilian oil and natural gas production

Nov, 05, 2019 Posted by Sylvia Schandert

Week 201946

In September 2019, brazilian oil and natural gas production totaled 3.74m barrels of oil equivalent per day (MMboe/d). The Lula, Buzios, and Sapinhoá fields, all in the Santos Basin pre-salt, produced 1,92 MMboe/d, which corresponds to about 51.5% of Brazilian production in the month.

Oil production was approximately 2.93m barrels per day (MMbbl/d), down 2.1% from the previous month and up 17.8% from September 2018. Brazilian natural gas production was 129m cubic meters per day (MMm3/d), a 3.4% decrease from the previous month and an increase of 14.1% compared to September 2018. The main reason for the fall in production was the scheduled stop of the FPSO Pioneiro de Libra, in the field of Mero.

Pre-salt: The production of the pre-salt from 110 wells was 1.83 MMbbl/d of oil and 73.3 MMm³/d of natural gas, totaling 2.29 MMboe/d. There was a reduction of 5.7% compared to the previous month and an increase of 28.3% compared to the same month of 2018. Pre-salt production corresponded to 61.2% of the total produced in Brazil.

Natural gas utilization: in September, natural gas utilization was of 97.5%. 67.1 MMm³/day were made available to the market. Gas flaring in the month was 3.28 MMm³/d, a decrease of 1.4% compared to the previous month and an increase of 5.2% compared to the same month in 2018.

Producer Fields: Lula, in the Santos Basin, produced the most oil, an average of 962 MMbbl/d. It was also the largest producer of natural gas: an average of 39.7 MMm3/d.

Origin of production: Maritime fields produced 96.4% of oil and 80% of natural gas. The fields operated by Petrobras produced 92.9% of oil and natural gas. Regarding the fields operated by Petrobras, with exclusive participation, they produced 44% of the total. National production took place in 7,221 wells, of which 655 are maritime and 6,566 are terrestrial.

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