In 1Q21, Petrobras stored a stable working efficiency, even with the worsening of the COVID-19 pandemic in Brazil. The common manufacturing of oil, NGL and pure gasoline in 1Q21 was 2.77 MMboed, three.1% increased than 4Q20, as P-70, put in within the Atapu discipline, continued to ramp-up, and as a consequence of decrease losses with upkeep stoppages on pre-salt platforms. When in comparison with 1Q20, manufacturing decreased by 5%, primarily because of the divestments concluded all through 2020 and early 2021 and to the pure decline in manufacturing, which was, on common, 11% within the tasks which have already reached their peak manufacturing and entered the decline section. Due to the worsening of the pandemic noticed in 1Q21, Petrobras as soon as extra, diminished the variety of folks in our platforms and adopted a differentiated boarding regime, aiming to scale back the every day stream of individuals with the resultant mitigation of the chance of contamination and of the impression on our operations. Petrobras mentioned: “Despite the continuity of the contingency situation, we’ve been in a position to function safely and effectively and to keep up a superb efficiency. Pre-salt manufacturing totaled 1.90 MMboed within the quarter, representing 69% of Petrobras’ whole manufacturing in opposition to 63% in 1Q20. Production within the Búzios discipline platforms elevated by 14%, primarily as a consequence of higher effectivity and stabilization of the items. We additionally had a rise in manufacturing within the Tupi discipline, because of the finish of the ramp-up of the P-67, and within the fields of Berbigão, Sururu and Atapu, with the persevering with ramp-up of the platforms P-68 and P-70.
Carrying on our lively portfolio administration, we signed, in 1Q21, the contract for the sale of our participation in 12 onshore and shallow water fields, situated within the Recôncavo and Espírito Santo basins. Additionally, we concluded the sale of our stakes in Frade (Campos Basin), a discipline by which Petrobras held a 30% stake and which produced a median of 5.9 kboed in 2020. three The sale and manufacturing of oil merchandise achieved good leads to 1Q21, regardless of the pandemic situation and the challenges imposed by the second cycle of improve within the variety of COVID-19 instances in Brazil.”
Domestic gross sales reached 1,667 kbpd and the utilization issue (FUT) reached 80%, 1 share level above 1Q20.
(Source: Petrobras – Image: P-70 FPSO in Atapu discipline)

The put up PETROBRAS REPORTS SOLID OPERATING PERFORMANCE DURING THE 1st QUARTER 2021 appeared first on Energy Global News.

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