Brazilian Oil and Natural Gas Production Increased in July

RIO DE JANEIRO, BRAZIL – The National Agency of Petroleum, Natural Gas, and Biofuels (ANP) released information on September 2nd, that the production of oil and natural gas increased in July compared to the previous month and the same period last year.

Oil production was 2.775 million barrels per day (bbl/d), up 8.5 percent compared to June and 7.8 percent compared to July 2018. A total of 124 million cubic meters of natural gas were produced per day (m³/d), up 11.7 percent over the previous month and 7.1 percent over July 2018.

Oil and gas production totalled 3.556 million barrels of oil equivalent per day (boe/d), 61.4 percent of which (1.732 million boe/d) came from deep water pre-salt fields.

The production from 99 pre-salt strata wells was 1.732 million daily barrels (bbl/d) of oil and 71.9 million cubic meters (m³/d) of natural gas, totalling 2.184 million barrels of oil equivalent per day (boe/d).

There was an increase of 12.2 percent in relation to the previous month and 19.9 percent in comparison with the same month in 2018. The pre-salt production corresponded to 61.4 percent of the total extracted in Brazil.

Figures for Natural Gas

In June, the percentage of produced natural gas used in the country was 97.2 percent as 61.8 million m³/day were made available to the market.

Flared gas in the month was 3.5 million m³/d, registering a 14.3% drop compared to the previous month, and a 10.5 percent drop compared to the same month in 2018.

The Lula Field, in the Santos Basin was the one that produced the most oil: an average of 928 thousand bbl/d. It was also the largest producer of natural gas: an average of 39.5 million m³/day.

Offshore fields produced 96.4 percent of oil and 80.3 percent of natural gas. The fields operated by Petrobras produced 92.9 percent of the oil and natural gas – those with exclusive participation produced 42.5 percent of the total. National production occurred in 7,121 wells, of which 648 were offshore and 6,473 were onshore.

The July production data are available on the ANP’s Monthly Bulletin of Oil and Natural Gas Production page.