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6mo ago

Petrobras Q3 Output Up 17.3% as Crude Exports Reach 814,000 Barrels a Day

Pre-salt FPSO ramp-ups in the Santos Basin drove the quarter’s gains.

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Plataforma de petróleo

Overview

  • Total oil, gas and LGN production rose to 3.1 million boe/d in Q3, a 17.3% year-over-year increase, according to the company’s production report.
  • Brazilian oil and LGN output averaged 2.5 million bpd, up 18.4% from a year earlier, and natural gas production reached 594,000 boe/d, up 13.1%.
  • Pre-salt contribution climbed 16.2% to 2.1 million boe/d, underscoring the area’s central role in the company’s growth.
  • Several FPSOs reached peak rates or advanced ramp-ups, including Almirante Tamandaré, Marechal Duque de Caxias, Maria Quitéria, Anita Garibaldi, Anna Nery and Alexandre de Gusmão.
  • Downstream trends diverged, with refinery utilization at 94% versus 95% a year earlier and refined product sales up 1.9% year over year.