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Brazil oil production down 3.8% in February

The country’s pre-salt output shrank 2.4%
Alana Gandra
Published on 30/03/2022 - 16:09
Rio de Janeiro
An employee works on the final stage of the construction of the new P-56 semi-submersible production platform for the oil company Petrobas at the Brasfels shipyard in Angra dos Reis, about 115 miles (185 km) west of Rio de Janeiro February 24, 2011. The P-56 will be positioned at depths of 1,700 meters (1.05 miles) and about 124 kilometers (77 miles) off the coast. It will have a processing capacity of 100,000 barrels of oil and 5.2 million m3 of natural gas per day, said the Petrobras company. REUTERS/Sergio Moraes (BRAZIL - Tags: ENERGY BUSINESS)
© REUTERS/Sergio Morae/Proibida reprodução

Brazil’s oil production in February shrank 3.8 percent from January and rose 3.5 from February 2021.

For natural gas, the reduction was 3.1 percent compared to the previous month, whereas it increased 1.6 percent against the same month last year. Altogether, 3.754 million barrels of oil equivalent per day were produced—2.917 million barrels of oil per day and a daily 133 million cubic meters of natural gas.

The figures can be found in a monthly report on the production of oil and natural gas, released today (Mar. 30) by Brazil’s oil and fuel authority ANP.

The main drivers behind the decline in production from the previous month were said to be the maintenance shutdowns at platforms P-70, P-51, and P-56 and at the floating production, storage, and offloading unit Cidade de Anchieta.

Pre-salt

The production from the pre-salt layer in February fell 2.4 percent compared to the previous month and was up 9.4 percent from February 2021. The output came from 127 wells and saw a volume of 2.841 million barrels of oil equivalent a day—2.235 million barrels of oil and 96.4 million of natural gas, adding up to 75.7 percent of national production.