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Petrobras reaches the production goal set for 2022

Inspenet, February 3, 2023

Petrobras, Brazil’s state-owned oil and gas company, reported that it exceeded its 2022 oil and natural gas production target.

The initial production target was disclosed in a statement on November 24, 2021, and revised on January 14, 2022. Total oil and gas production was 2.684 million barrels of oil equivalent per day (boed), exceeding the target of 2.600 million barrels of oil equivalent per day (BOE/D) by 3.2 percent, within the range reported of ± 4.0%.

Commercial production reached 2,361 million BOE/D, 2.7 percent above the target of 2.3 million BOE/D, also within the range of ±4.0%. Oil production stood at 2,154 million barrels per day (bpd), 2.6 percent above the target of 2.1 million bpd, and within the range of ± 4.0%.

The company started production of two new platforms throughout 2022. In April, the FPSO Guanabara, the first definitive unit in the Mero field, and in December, the P-71, in the Itapu field. The latter anticipated from 2023.

Throughout 2022, the maximum oil production capacity of the P-68 platforms was reached, in the Berbigão and Sururu fields, and FPSO Carioca, in the Sépia field.

FPSO Carioca reached a new monthly production record for a pre-salt platform, with 174,000 bpd in November. Petrobras also reached a monthly record for oil production in a single well, ATP-06 on the P-70 platform, with 56.5 thousand bpd also in November.

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