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Released January 30, 2024 | SUGAR LAND
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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazilian state-owned Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil), announced oil and natural gas production of 2.78 million barrels of oil equivalent per day (BOE/d) in 2023, about 3.7% more than the volumes registered in the previous year. The output was above the goals set by the company as part of its 2023-2027 strategic plan but "were in line with projections," according to the company's statement.
Pre-salt volumes accounted for 78% of the total production.
The company had commercial oil production of 2.24 million barrels per day (BBL/d), as a result of the start of four offshore platforms throughout 2023. Last year, Petrobras inaugurated the Almirante Barroso, Sepetiba, Anna Nery and Anita Garibaldi floating production, storage and offloading (FPSO) units in the Campos basin with a total output capacity of 480,000 BBL/d. For related information, see January 4, 2024, article - Petrobras Starts Up Sepetiba FPSO at Mero Field Offshore Brazil.
The Almirante Barroso FPSO, installed in the Buzios field in May 2023 with a capacity of 150,000 BBL/d, reached its record production by October. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Plant Database can click here for the plant profile.
This year, the company hopes to start up the Marechal Duque de Caxias FPSO in the Mero 3 field with a capacity of 180,000 BBL/d, which has already been chartered. Subscribers can click here for the project report and click here for the plant profile.
Petrobras projects the installation of another 13 FPSOs to boost output between 2025 and 2028.
For this year, the company expects to have an output of 2.8 million BOE/d.
"In 2023, we had the entry of four new platforms and several operational records, demonstrating the company's excellent performance while also maintaining its commitment to safety and people, said Petrobras President Jean Paul Prates in a press release. "It is important to highlight that Petrobras' production, still necessary to meet the demand for energy during the energy transition, is developed with the lowest possible carbon footprint. Our trajectory of decarbonizing operations is a reference in the industry. In this way, we will continue to produce oil with a carbon intensity below the world average, which will be fundamental in the fair energy transition while developing new low-carbon businesses."
Petrobras has been trying to balance hydrocarbon production with lower emission levels in line with the new government's environmental agenda. The company is investing in reducing emissions from its upstream and downstream operations.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
Pre-salt volumes accounted for 78% of the total production.
The company had commercial oil production of 2.24 million barrels per day (BBL/d), as a result of the start of four offshore platforms throughout 2023. Last year, Petrobras inaugurated the Almirante Barroso, Sepetiba, Anna Nery and Anita Garibaldi floating production, storage and offloading (FPSO) units in the Campos basin with a total output capacity of 480,000 BBL/d. For related information, see January 4, 2024, article - Petrobras Starts Up Sepetiba FPSO at Mero Field Offshore Brazil.
The Almirante Barroso FPSO, installed in the Buzios field in May 2023 with a capacity of 150,000 BBL/d, reached its record production by October. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Plant Database can click here for the plant profile.
This year, the company hopes to start up the Marechal Duque de Caxias FPSO in the Mero 3 field with a capacity of 180,000 BBL/d, which has already been chartered. Subscribers can click here for the project report and click here for the plant profile.
Petrobras projects the installation of another 13 FPSOs to boost output between 2025 and 2028.
For this year, the company expects to have an output of 2.8 million BOE/d.
"In 2023, we had the entry of four new platforms and several operational records, demonstrating the company's excellent performance while also maintaining its commitment to safety and people, said Petrobras President Jean Paul Prates in a press release. "It is important to highlight that Petrobras' production, still necessary to meet the demand for energy during the energy transition, is developed with the lowest possible carbon footprint. Our trajectory of decarbonizing operations is a reference in the industry. In this way, we will continue to produce oil with a carbon intensity below the world average, which will be fundamental in the fair energy transition while developing new low-carbon businesses."
Petrobras has been trying to balance hydrocarbon production with lower emission levels in line with the new government's environmental agenda. The company is investing in reducing emissions from its upstream and downstream operations.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
