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Oil and natural gas output for March

Petróleo Brasileiro S.A. – Petrobras announces that its oil and natural gas output in Brazil and abroad, in March 2015, was 2,764,000 barrels of oil equivalent per day (boed), down 1.3% from February 2015 (2,801,000 boed).

Of this total, 2,574,000 boed were produced in Brazil and 189,900 boed abroad. The output of 2,764,000 barrels of oil equivalent per day (boed) is 8.3% higher than the March 2014 output of 2,551,000 boed.

Oil and gas output in Brazil

In March, total oil and natural gas output in Brazil was 2,574,000 boed, down 1.4% from February (2,612,000 boed), and up 10.4% year-on-year (2,331,000 boed).

Total oil and natural gas output operated by Petrobras in Brazil, which includes the volume operated for partner companies, was 2,834,000 boed, down 0.7% from February (2,854,000 boed).

Petrobras’s exclusive oil output in Brazil was 2,108,000 barrels per day (bpd), down 1.8% from February’s output of 2,146,000 bpd.

Oil production operated in Brazil was 2,297,000 bpd, down 0.9% from a month ago (2,319,000 bpd).

The drop in output in March is largely due to the temporary shutdown of platform P-58, which started-up on March 17, 2014 and is currently undergoing final tests and adjustments to its production systems. Petrobras shut the unit down from March 18, 2015 to April 8, 2015 to conduct preventive maintenance and improve the operational efficiency of certain systems, in compliance with current norms and guidelines of Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP).

In March, natural gas output in Brazil, excluding liquefied volume, was 74 million m³/day, in line with last month’s output.

Non-liquefied gas output, including the share of partner companies, reached 85.5 million m³/day.

The utilization of produced gas remained high at 95.9% in March.

Pre-salt’s production in March increases 70% compared to the same period of 2014

In March 2015, output operated by Petrobras in the pre-salt layer of the Santos and Campos Basins, which includes the share operated for its partner companies, broke a new record and averaged 672,000 barrels of per day (bpd) a month, up 0.5% from the previous record of 669,000 bpd set in January 2015. This volume represents a 70% rise from March’s 2014 output of 395,000 bpd.

Innovative pre-salt technology – On March 26, Petrobras started-up the first riser (ascending pipe) set up in the Santos Basin pre-salt using the Steel Lazy Wave Riser (SLWR) concept. It entails a steel pipe equipped with a set of buoys that form a bend at a particular section of the equipment aimed at buffering impacts caused by the production platform’s movement.

This is just one of the technologies comprising the set of innovations employed by Petrobras in the pre-salt and recognized by the OTC (Offshore Technology Conference) Award 2015, conferred upon the oil and gas company making the greatest contributions to the technological development of the worldwide offshore industry.

SLWR was set up on well 7-SPH-007, at a water depth of 2,140 meters, a record depth for this type of technology. The equipment connects well 7-SPH-007 to FPSO Cidade de Ilhabela, in the northern section of Sapinhoá field in the Santos Basin pre-salt. This well has reported the highest output per well in the pre-salt layer at a flow of approximately 40,000 barrels per day.

Output abroad

In March, 189,900 barrels of oil equivalent per day (boed) were produced abroad, up 0.6% from 188,700 boed produced last month.
Average oil output in March was 101,900 barrels of oil per day (bpd), up 1.6% from 100.400 bpd produced last month mainly due to the start-up of new production wells at Saint Malo and Lucius in the United States.

Average natural gas output abroad, excluding liquefied volume, was 15 million m³/d, remaining stable when compared to February’s output of 15,016,000 m³/d.

Petrobras confirms good productivity of Sergipe Basin’s Farfan reservoirs

Petróleo Brasileiro S.A. – Petrobras announces it has completed the formation test (evaluation of an oil deposit’s potential) on well 3-BRSA-1286-SES (ANP nomenclature), located in concession BM-SEAL-11, in ultra-deep waters of Sergipe-Alagoas Basin.

Drilling activities have confirmed two light oil and gas bearing compartments: the upper one is 44 meters thick while the lower one is 11 meters. The second compartment represents a new discovery for the area. The well is 102.7 km from the city Aracaju (SE) and 10.3 km from the discovery well, at a water depth of 2,467 meters. Results of the formation test have confirmed the occurrence of light oil (37º API) and the good productivity of the reservoirs.

This is the third extension well at Farfan, which was discovered in October 2012. An announcement regarding the well’s initial drilling results was made on February 2 of this year.

The consortium, operated by Petrobras (60%) in partnership with IBV-Brasil (40%), will proceed with the Discovery Evaluation Plan (PAD).

New Amazon Basin Discovery

Rio de Janeiro, April 16, 2015 – Petróleo Brasileiro S.A. – Petrobras announces the discovery of a new oil and gas accumulation in the Amazon Basin, Block AM-T-84.

The discovery was made while drilling well 1-BRSA-1293-AM (ANP nomenclature), informally known as Jusante do Anebá. Well drilling reached the total depth of 2,040 meters.

Preliminary well tests have confirmed the presence of light oil (API 47°) and gas in arenaceous reservoirs, extending from 1,350 meters to 1,900 meters deep.

Petrobras is the operator of the concession (60%), in partnership with Petrogal Brasil (40%).

The consortium will proceed with activities to evaluate the oil and gas bearing reservoirs through a cased-hole drill-stem test.

Onshore oil discovery in Espírito Santo Basin

Petróleo Brasileiro S.A. – Petrobras announces the discovery of an onshore oil accumulation in Espírito Santo Basin.

The discovery was made by drilling wild cat well 1-BRSA-1302-ES (ANP nomenclature), informally known as Guayacan. This well comprises the Discovery Evaluation Plan (PAD) of Tabebuia and is located some 120 km from the city of Vitória.

Reservoirs are located at 711 meters deep and well drilling reached 1,312 meters.

Petrobras is the operator and detains 100% of exploratory block ES-T-495. The discovery will be evaluated by formation tests, as part of the Evaluation Plan’s exploratory program.