Total oil and natural gas production surpassed the 5M boe/d mark for the first time
Brazilian national oil and gas regulator Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) said July saw record-breaking total oil and gas production in Brazil, reaching 5.2M barrels of oil equivalent per day (boe/d), and surpassing the 5.0M boe/d mark for the first time.
ANP said the country extracted around 4.0M barrels per day (bbl/d), up 5% compared to June and 23% compared to July 2024. Natural gas production in July hit 190.9M cubic meters per day (m³/d), a 5% increase compared to June and a 26% increase compared to July 2024.
Brazil also saw a new record for pre-salt oil and natural gas production, reaching 4.1M boe/d, a 6% increase over the previous month and a 24% increase compared to July 2024. Pre-salt production took into account volumes from 169 wells that made up 79% of the segment’s total output for July.
In July, the Tupi field, in the pre-salt Santos Basin, was the largest producer, registering 799,400 bbl/d of oil and 40.5M m³/d of natural gas. The installation with the largest production was the FPSO Guanabara, in the shared Mero field, with 184,383 bbl/d of oil and 12.09M m³/d of natural gas. Commissioning of the new FPSO in the Mero Field is already in its final phase, according to ANP.
Broken down by hydrocarbon type, total oil production reached 3.2M bbl/d, surpassing 3M bbl/d for the first time, and natural gas production reached 147.7M m³/d, the ANP said.
In July, 63.8M m³/d of natural gas was released to the market, and flaring hit 5.5M m³/d, for a utilisation of 97%. ANP said flaring decreased 9% compared to the previous month but increased 62% compared to July 2024.
During July, offshore fields produced 98% of the oil and 86% of the natural gas. Fields operated by Petrobras, alone or in consortium with other companies, accounted for 90% of the total production. Production originated from 6,601 wells, 568 of which were offshore.
Petrobras has been active in awarding contracts and building OSVs, matching Brazil’s ambitions for offshore oil and gas production. By 2026, the Brazilian oil major wants to charter 52 OSV newbuilds, many specified with batteries. Also, in July, Petrobras took delivery of its first floating production, storage and offloading platform (FPSO) from Singapore shipyard Seatrium.
Seatrium completed Petrobras-78 (P-78), an FPSO with production capacity of 180,000 barrels of oil and 7.2M m3 of gas per day, and it left the shipyard at the beginning of July. The FPSO, with oil storage capacity of 2.0M barrels, was towed to Brazil for deployment on the Buzios field in the Santos basin, south of Rio de Janeiro.
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