Petrobras pre-salt fields production climb to a new high in May: 1.1MMboe/d

Jun 14, 2016 12:00 AM

Petrobras’s oil production in Brazil averaged 2.16 MMboe/d in May, its fifth highest monthly figure to date. The growth was due mainly due increases from the company’s pre-salt fields, with new wells connected to the FSPO Cidade de Maricá serving the Lula field in the Santos basin.

In addition, various platforms that underwent scheduled stoppage and corrective maintenance in April returned to normal service.

Pre-salt production of oil and natural gas operated by Petrobras climbed to a new high, averaging 1.15 MMboe/d, with the company’s pre-salt oil output breaking the 1 MMb/d mark for the first time on May 8.

The company achieved this landmark 10 years after discovering these deposits. There are currently 52 producing wells connected to seven large production systems in the Santos basin and eight production systems in the Campos basin.

Petrobras has gradually brought down extraction costs from its pre-salt wells to less than US$8/boe, while the average time taken to construct a well in these regions has fallen 71% from 2010 to 89 days currently. High productivity of the pre-salt reservoirs, resulting in fewer wells per production system and improved well construction efficiency, has helped the company contain costs.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« May 2019 »
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events