Pre-salt already accounts for 24% of Petrobrás’ production and barrel costs in the region drop below US$ 8

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  • Posted on November 13, 2015


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    Petrobrás has managed some important advances in the pre-salt. The company’s production in the region has reached an average of 919.000 barrels of equivalent oil per day through the first nine months of 2015, representing 24% of the state-run company’s total extractions. In addition, the director of Exploration and Production, Solange Guedes, informed that they managed to reach costs inferior to US$ 8 per barrel of equivalent oil produced in the pre-salt in the last quarter. “Considering Petrobrás as a whole, Brazil and abroad, it’s the first time we close out a quarter producing at under US$11 per barrel”, complemented the executive.

    The company’s numbers show that its production in Brazil has increased 8% through the first nine months of 2015 in comparison with the same period in 2014. Overall national and overseas production has increased by 6% in the period, going from 2,627 million to 2,79 million barrels per day.

    Guedes informed that solid productivity in the pre-salt fields has made that the FPSO Cidade de Mangaratiba – located in the Lula field, Iracema Sul area, at the Santos Basin – reached daily production rates of 150.000 barrels connected to only five wells. In addition, the company has managed to anticipate the start of operations for the FPSO Cidade de Itaguaí, in Iracema Norte, by four months, as well as reducing extraction costs by 16% over the last 12 months, in the comparison between the first three quarters of 2015 and the same period in 2014.

    “We have chased challenging numbers and goals, but ones we can, along with our teams, deliver and conclude. The expectation is that, as the pre-salt advances, the decisions we’ve made in regards to reducing costs go forward as well, and all of that is being added to the result”, said the director of Finances and Shareholder Relations, Ivan Monteiro.

    Source: Petronotícias