The most productive oil wells in Brazil are in the pre-salt. Located in the Sapinhoá field, in the Santos Basin, the best well in the country produces an average of 34,000 barrels per day. The well is one of four interconnected to FPSO Cidade de São Paulo, which reached its maximum capacity - 120,000 barrels per day - in July, with only four wells. FPSO is the English acronym for floating oil production, storage, and offloading platform.
Read the announcement made on Friday (Aug. 08) about our income in the first half of this year.
Oil production in the fields that we operate in the province known as the pre-salt, in the Santos and Campos Basins, surpassed the 500-thousand-barrel-per-day (bpd) mark, topping-out at 520,000 bpd in June 24 and setting a new daily output record. Of this amount, 78% (406,000 bpd) correspond to our portion, while the rest to that of our partner companies in the several areas of production from the pre-salt layer.
Our production in the pre-salt has set a new record. We have surpassed 480,000 barrels per day there. According to the prestigious British Evaluate Energy consultancy firm, which specializes in research and studies on the oil and gas industry, we are the only oil company to attain a production increase in the past six years, compared with other majors operating in the global industry. Our oil production rose from an average of 1,918,000 barrels of oil per day (bpd), in 2007, to 2,059,000 bpd in 2013, up about 140,000 barrels per day, considering the fields operated in Brazil and abroad.
Production from the pre-salt layer has already passed the 400,000 barrels of oil per day milestone. The level was reached just eight years after the first discovery was made, which is a faster rate of development than any other deep water field around the world. In the Gulf of Mexico, for example, it took 19 years to reach that production level; in the North Sea, nine years; and in Brazil’s Campos Basin it also took 16 years to attain that level. This information was provided by Anelise Lara, Petrobras’ executive manager for the Libra field, during the panel "Deep Water exploration and production", at the World Petroleum Congress (WPC), in Moscow. Anelise added that, "The accumulated production from the pre-salt layer, between September 2008 and April 2014, attained 343 million barrels of oil and gas equivalent (boe)".
The oil and natural gas sector’s contribution to Brazilian GDP (Gross Domestic Product, which measures the amount of wealth produced in a country) increased from 3% in 2000 to 12% in 2010 and has attained 13% today. The main driver of this increase is Petrobras, which has an ongoing plan in place to invest US$ 220.6 billion during the period 2014-2018 and is looking to double the current level of oil production by 2020, when it expects to reach 4.2 million barrels of oil a day. This and related information was emphasized during the presentation by Petrobras’ director of Gas and Energy, José Alcides Santoro, at the plenary session entitled "The industry's role in promoting development", which took place this Tuesday (June 17th), at the World Petroleum Congress (WPC), the global oil sector’s largest event, which is being held in Moscow, Russia, on June 15th-19th.
We announce that oil production in the fields we operate in the so-called Pre-Salt Province, in the Santos and Campos Basins, surpassed, last May 11, the mark of 470,000 barrels per day (bpd), a new daily output record.
We set new records in the pre-salt. In March, the monthly oil production from fields located in the Santos and Campos Basin pre-salt area averaged 395,000 bpd, up 2.4% from the previous record set in February (385,000 bpd). On April 18, we set a new daily record, at 444,000 bpd. Check out our full announcement.
We work every day to become one of the world's five largest oil producers. Last year, we reached the unprecedented mark of nine platforms delivered, which will add a million barrels per day to our production capacity. Get to know these nine platforms completed in 2013.
Important records were broken in March thanks to the hard work of our teams to increase asset productivity. As a result, we attained production records in the pre-salt, in refinery throughput, in natural gas delivery, and in fertilizer production. Read the statement we released this Monday (April 07):