News

Pre-salt output a record

03 de junho de 2016

Rio de Janeiro – Oil production at Petrobras’ oilfields in the pre-salt layer of the Santos and Campos basins hit a new record on May 8, exceeding 1 million barrels of oil equivalent per day (boed, which comprises oil and natural gas production). The company did not inform the date or amount of the previous record.

It released the news this Friday. At this new rate, pre-salt oil accounts for roughly 40% of total oil production in Brazil, which is an estimated 2.9 million bpd.

The result comes less than ten years since the reserves were discovered, in 2006, and less than two years after the 500,000 barrels-a-day mark was reached, in July 2014. “This proves not only the pre-salt’s technical and economic viability, but its high productivity as well. For the sake of comparison, the first time Petrobras produced 1 million barrels of oil per day was in 1998, 45 years after its inception,” the company reported.

*Translated by Gabriel Pomerancblum