New FPSOs Increase Petrobras Output

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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petrobras (Rio de Janeiro, Brazil) recorded oil output of 2.91 million barrels of oil equivalent per day (BOE/d) during Q2, about 5% more than the previous quarter and 7.8% higher than the same period last year. This was the outcome of new floating production, storage and offloading vessels (FPSOs) coming online and others reaching full production during Q2.

Pre-salt volumes, Petrobras's flagship developments, reached an output of 1.97 million barrels per day (BBL/d) of oil during the last quarter, an increase of 8.8% year on year.

This has been the outcome of the ramp-up of FPSOs Almirante Tamandare in the Buzios field, Maria Quiteria in Jubarte, Anita Garibaldi and Anna Nery in the Marlim and Voador fields. At the same time, the FPSO Marechal Duque de Caxias reached full capacity, while the Alexandre de Gusmao started up production in the Mero field. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile.

Throughout Q2, the company inaugurated 14 new wells, seven of them in the Campos Basin and the remaining ones in the Santos Basin.

The higher output from the new FPSOs helped offset a decline in post-salt production, which dropped by 4.6% quarter on quarter to 311,000 BBL/d, due to losses from maintenance shutdown and the natural decline of fields.

On the downstream front, Petrobras had a refinery utilization factor of 91%, on par with previous quarters, to produce a total of 1.73 million BBL/d of fuel products, with diesel leading the charts with 680,000 BBL/d.

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