Efficiency measures boost Petrobras’ production in 2020
Jan. 8, 2021
Petrobras achieved record production last year, averaging 2.28 MMb/d of oil and 2.84 MMboe/d of oil and gas.
(Photo: André Ribeiro / courtesy Petrobras)
The FPSO P-76 operates at the Búzios field in the presalt Santos basin offshore Brazil.
Offshore staff
RIO DE JANEIRO – Petrobras achieved record production last year, averaging 2.28 MMb/d of oil and 2.84 MMboe/d of oil and gas.
The previous highs for the company, in 2015, were 2.23 MMb/d and 2.79 MMboe/d.
Presalt output last year accounted for 66% of last year’s output, totalling 1.86 MMboe/d (compared with 24% in 2015).
The results were 5% above the company’s original targets, and were due to the following factors:
Production above the nominal processing capacity in the Búzios field, due to higher temporary availability of power generation and gas compression on the platforms
Fewer interventions to combat CO2 corrosion in the submarine gas injection pipelines, helped by the development of new tools and inspection technologies
Lower production declines at the Tupi and Sapinhoá fields due to improved reservoir performance
Improved production efficiency and optimization of production stoppages at the platforms, despite the operational restrictions imposed by COVID-19.
