Brazil’s February production results

Last week, ANP published the monthly oil and natural gas production results for February 2020. During the month, 3.783 million barrels of oil equivalent per day were produced, including 2.972 million bbl/d of oil and 129 million m³ per day of natural gas.

Oil production decreased 6.2% MoM but increased 19.4% YoY, while natural gas decreased 7.1% MoM but hiked 17.1% YoY.

The drop in oil and natural gas production compared to the previous month was caused mainly by the occurrence of scheduled shutdowns and other necessary measures to mitigate operational safety risks in some facilities. However, it should be noted that the volumes produced in February 2020 were higher than those provided for in the Annual Production Plan (PAP) for the year, which pointed to daily production of 2.762 million bbl of oil and 119,291 million m³ of natural gas. This increase in production in relation to the forecast occurred mainly due to the reduction in the duration of the scheduled stoppage of FPSO Cidade de Maricá in the Lula field and the postponement of a scheduled stoppage of another unit. 


Production in the Pre-salt in February stemmed from 118 wells and corresponded to 66% of national production, totaling 2.497 million boe/d, with 1.993 million bbl/d of oil and 80,129 million m³/d of natural gas. Total production decreased by 6.9% MoM but increased 36.8% YoY.

Natural Gas Utilization

In February, the use of natural gas reached 97.2%. 61.4 MMm³/day were made available to the market. The flaring of gas in the month came in at 3,644 million m³/d, a reduction of 9.7% MoM and 28.7% YoY.

Origin of Production

Offshore fields produced 96.7% of oil and 82.8% of natural gas. The fields operated by Petrobras produced 93.3% of oil and natural gas. With respect to fields operated by Petrobras and with exclusive participation of the company, they produced 39.5% of the total.


The Lula field in the Santos Basin was the largest producer of oil and natural gas, registering 974 thousand bbl/d of oil and 41.3 million m³/d of natural gas.

FPSO Cidade de Mangaratiba, producing in the Lula field through eight interconnected wells, produced 147.577 thousand bbl/d of oil and 7.917 million m³/d of natural gas, being the facility with the highest production of both.

The Estreito field in the Potiguar Basin had the largest number of onshore producing wells: 1,081.

The Marlim Sul field in the Campos Basin had the largest number of offshore producing wells: 71.

Marginal Accumulations

These fields produced 64.6 bbl/d of oil and 14.4 thousand m³/d of natural gas. The Iraí field, operated by Petroborn, was the largest producer, with 87.4 boe/d.

Other Information

In February 2020, national production came from 295 granted areas, two Transfer of Rights areas and five production sharing areas operated by 34 companies. Of these, 76 areas were offshore and 226 onshore, nine of which contain marginal accumulations. Production took place in 7,141 wells, of which 645 were offshore and 6,496 onshore.

The average API grade was 27.7, with 3.4% of production considered light (> = 31 ° API), 83.2% average (> = 22 API and <31 API) and 13.4% heavy (<22 API).

The mature onshore basins (fields/long-term tests in the Espírito Santo, Potiguar, Recôncavo, Sergipe and Alagoas basins) produced 103 thousand boe/d, including 81.7 thousand bbl/d of oil and 3.4 MMm³/d of natural gas. Of this, 90,600 boe/d were produced by Petrobras and 12,400 boe/d came from concessions not operated by Petrobras, including: 342 boe/d in Alagoas, 4,060 boe/d in Bahia, 16 boe/d in Espírito Santo, 7,741 boe/d in Rio Grande do Norte and 213 boe/d in Sergipe.

Source: ANP

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