Brazilian state-owned oil firm Petrobras achieved document oil and pure gasoline manufacturing in 2020, with a complete of two.28 million barrels per day of crude oil and a pair of.84 million barrels of oil equal, for a complete of 5.1 million barrels per day. The document output was pushed by a better-than-expected efficiency on the Buzios Field.
Pre-salt manufacturing accounted for round 66 per cent of whole manufacturing, together with oil and pure gasoline. Petrobras additionally registered slower charges of decline on the Tupi and Sapinhoa fields. Tupi, Buzios and Sapinhoa are Brazil’s top-three manufacturing fields.
The document manufacturing achieved in 2020 exceeds that recorded in 2015, when the earlier manufacturing document, of two.23 million barrels per day of crude oil and a pair of.79 million barrels per day of oil equal.
Petrobras mentioned: ”The information present good operational efficiency even within the tough 2020 state of affairs, with a larger concentrate on world-class belongings in deep and ultra-deep water, the place Petrobras has proven an ideal aggressive benefit.”
London-based Argus Media famous that the 2020 manufacturing document ought to be robust to beat, with Petrobras planning to shed an extra 600,000 b/d with the sale of fields, reminiscent of Albacora, Marlim, and a lot of the firm’s legacy onshore and shallow-water fields. Petrobras expects oil output to fall to 2.23 million b/d in 2021, with whole hydrocarbons manufacturing additionally sinking to 2.75 million boe/d, in accordance with the corporate’s 2021-25 funding plan.
(Source: Argus Media/S&P Platts/ Petrobras – Image: Drilling semi-submersible close to the Brazilian coast/Lazyllama)

The publish PETROBRAS RECORD PRODUCTION SET IN 2020 EXPECTED TO DECLINE IN 2021 appeared first on Energy Global News.

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