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Brazil’s ANP releases consolidated data on oil and gas production

9th April 2024 – The total production (oil + natural gas) was 4.383 million barrels of oil equivalent per day (boe/d). The link for the file can be found here.

ANP (National Petroleum Agency) released last week the Monthly Bulletin of Oil and Natural Gas Production for February 2024, which presents consolidated data on national production. The total production (oil + natural gas) was 4.383 million barrels of oil equivalent per day (boe/d).

Regarding oil, 3.448 million barrels per day (bbl/d) were extracted, representing a 2% decrease compared to the previous month and a 5.7% increase compared to the same month in 2023.

Natural gas production in February was 148.63 million cubic meters per day (m³/d), showing a 3.4% decrease from January 2024 and a 1.4% increase compared to February 2023.

Pre-salt

The total production (oil + natural gas) from the pre-salt in February was 3.336 million boe/d, accounting for 76.1% of Brazilian production.

This number represents a 1.5% decrease compared to the previous month and a 2.1% increase compared to the same month in 2023. 2.623 million bbl/d of oil and 113.46 million m³/d of natural gas were produced through 148 wells.

Natural gas utilization

In February, the natural gas utilization rate was 96.5%. 52 million m³/d were made available to the market, with a burning rate of 5.28 million m³/d. There was a 16.3% increase in burning compared to the previous month and a 38.7% increase compared to February 2023. The rise in burning was due to the ongoing commissioning of the FPSO Sepetiba in the Mero Field, which is common during the startup of new platforms.

Production origin

During the month, offshore fields produced 97.5% of the oil and 86.4% of the natural gas. Fields operated by Petrobras, either alone or in partnership with other companies, accounted for 88.69% of the total production. Production came from 6,505 wells, including 533 offshore and 5,972 onshore.

Fields and facilities

In February, the Tupi field in the pre-salt of the Santos Basin was the largest producer of oil and gas, recording 744.68 thousand bbl/d of oil and 37.30 million m³/d of natural gas. The installation with the highest oil and gas production was the FPSO Guanabara in the Mero shared reservoir, producing 179,593 bbl/d of oil and 11.56 million m³/d of gas.

About the Oil and Gas Production Bulletin

In addition to the traditional .pdf publication, the bulletin’s data can be interactively accessed using Business Intelligence (BI) technology.

Production variations are expected and may occur due to factors such as scheduled production unit shutdowns for maintenance, well commissioning, well shutdowns for maintenance or cleaning, startup of new production units, among others. These actions are typical in oil and natural gas production and aim for stable and continuous operations, as well as increasing production over time.

Source: ANP / Br8

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