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.

Offshore staff

RIO DE JANEIROPetrobras 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.

01/08/2021