Brazil GDP dropped 0.2% in the first quarter.
Industry dropped 0.7% driven down by a fall of 6.3% in the mineral extraction industry 6.3%
- Vale mining Brumadinho dam accident.
- Petrobras production 5.% lower due to platforms' problems.
Production of Petrobras had an annual decrease of 5%; pre-salt produces 7% more
ECStats Content
posted 07/05/2019 20:50
Petrobras produced a total of 2.460 million barrels per day of oil and NGL in Brazil in the first quarter of this year, representing a decrease of about 5% over the same period of the previous year. Compared to the immediately preceding three months, this volume fell by 4%.
Despite the decrease in global production, the volume extracted exclusively in the pre-salt rose 7% year-on-year to 1.036 million barrels per day in this area of ??production. The volume showed a slight reduction of 1% compared to the end of 2018.
Natural gas production, in turn, reached 489 thousand barrels per day, slightly decreasing by 1% in the annual ratio and by 4% in comparison with the last three months of 2018.
According to the oil company, production declined year-on-year, especially "by the granting of rights of 25% of Campo de Roncador's stake and the reduction of Petrobras' participation in fields in the US, associated with the higher concentration of maintenance on platforms in the first quarter of 2019 and the natural decline in production and were partially offset by the start-up of seven new systems in the last 12 months, which are still in the process of commissioning and interconnecting new wells: P-74, P-75, P- 76 and P-77, in the field of Búzios, FPSO Campos dos Goytacazes, in the field of Green Turtle, P-69, in the Extreme South of Lula, and P-67, in the northern area of ??Lula. |
