Petrobras set pre-salt production record of 1.9 million barrels per day

Petrobras had the highest annual production volume in the pre-salt in 2021, with 1.95 million barrels of oil equivalent per day (boe/day) extracted during the year. The volume accounted for 70% of total state output last year, which was 2.77 million BOE per day.

As a result, the company’s production in 2021 was double the volume produced in this region five years ago. Until then, the largest volume produced by Petrobras in the pre-salt had been recorded in 2020, with the extraction of 1.86 million boe/day, a volume that corresponded to 66% of the company’s total production that year.

The pre-salt layer will account for 79 % of Petrobras’ total production in 2026, according to the company’s strategic plan, which was released at the end of last year. Between 2022 and 2026, the company plans to invest US$ 57 billion in oil and gas exploration and production, with 67% of that going to pre-salt activities.

Petrobras will install 15 new platforms over the next five years, 12 of which will be dedicated to production projects below the salt layer. In the coming years, the pre-salt layer is expected to concentrate oil and gas activities in Brazil because the oil extracted there is considered more carbon-efficient, as well as more resilient to oil barrel depreciation, making the pre-salt layer competitive in the context of the transition to a low-carbon economy.

In the midst of oil companies adapting to the new scenario, the German company Wintershall DEA announced on the 17th in a statement that it had decided to close all operations in Brazil and close the office it had opened in Rio de Janeiro.

The company stated that it will prioritize regions and projects that meet its climate objectives. The company also stated that natural gas is the primary focus of global production, accounting for roughly 70% of the portfolio at the moment.

Wintershall has a stake in nine exploration licenses in Brazil, in the Potiguar, Ceará, Campos and Santos basins. There are no minimum work commitments remaining in the areas or significant financial obligations.

The blocks were awarded in bidding rounds by the National Petroleum Agency (ANP) in 2018 and 2019. At the time, the company disbursed BRL 168 million in signature bonuses.

Source: Valor Econômico

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