Petrobras: production is high in the 3rd quarter

Petrobras announced, last Tuesday (20), its performance in the third quarter of the year. According to the data, oil and gas production totaled 2.952 million barrels of oil equivalent per day (boed) in the period, registering an increase of 2.6% compared to the same period last year and a growth of 5.4% compared to the second quarter. The company also said it raised its pumping target for the year.

According to the oil company, the growth is due to the greater operational efficiency of the platforms installed in the Buzios Field; the increase in production of the P-70, which began production at the end of June; and reduction of losses due to unavailability of submarine lines, with the development of new technologies.

The company also cited "normalization of production of platforms that had been strained due to Covid-19 in the second quarter." From January to September, oil and gas production in Brazil grew by 9% compared to last year, with the extraction of pre-salt fields expanding by 32%, while in the other areas, post-salt, shallow and terrestrial waters, there was contraction.


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