Petrobras output in August drops due to maintenance

Brazil’s oil company Petrobras has reported that its total production of oil and gas, including natural gas liquids (NGL), in August 2018 was 2.47 million barrels of oil equivalent per day (boed), a decrease when compared to July.

Petrobras said that, of the 2.47 million boed produced in August, 2.35 million boed were produced in Brazil while 116 thousand boed were produced abroad.

The production in August is a decrease compared to July 2018 when the company produced 2.60 million boed.

Total production operated by the company (Petrobras and partners’ share) was 3.15 million boed, with 2.99 million boed in Brazil.

The company added that reduced production was mainly due to scheduled stoppages for maintenance on the FPSO Cidade de Angra dos Reis and FPSO Cidade de Maricá, both located in the Lula field in the pre-salt of Santos Basin.

Production was also influenced by maintenance stoppages on the P-25 and P-31 platforms located in the Albacora field in the post-salt of Campos Basin and the continuation of the Mexilhão platform stoppage.

Petrobras said that it maintained its commitment to the production target disclosed in the Business and Management Plan 2018-2022, considering the ramp-up production of the platforms that have already started operation this year like the P-74 in the Búzios field, and FPSO Cidade de Campos in the Tartaruga Verde e Mestiça field as well as the beginning of the production of new systems planned for the fourth quarter of 2018.