Petrobras has a drop in oil production in February

The Brazilian state-owned company reported that in February, average oil production fell by 1% compared to January this year, producing 2.2 million barrels per day (bpd). Despite falling, the volume was higher by 10% compared to the same month of 2016.

According to Petrobras, the drop is related to the planned shutdown of the FPSO Cidade de Paraty, located in the Lula Nordeste field, in the Santos Basin pre-salt and at the end of the Early Production System (SPA) testing phase that operated in the Field of Búzios, under the regime of the Onerous Assignment.

There was also a drop in natural gas production in Brazil. Excluding the liquefied, the volume produced was 80.2 million cubic meters a day, or 1% less than the month of January. Petrobras reported that the reduction is also related to the shutdown of FPSO Cidade de Paraty.

Regarding production in the pre-salt layer (own parcel and partners), the volume of oil and natural gas in February was 1.53 million boed, which shows an increase of 41% over the same period of 2016 And a 3% decrease compared to January 2017.

Total oil and natural gas production in February was 2.82 million barrels of oil equivalent per day (boed), with 2,703 million boed produced in Brazil and 113 thousand boed abroad. The oil volume was 63.5 thousand bpd, 8% less than in January and 8.4 million m³ / d of natural gas, 3% below the volume produced in the previous month. According to Petrobras, performance was mainly due to the operational shutdown of the Lucius and Hadrian South fields in the USA, due to the limited production flow, which is carried out through third party facilities.

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