Page 12 - LatAmOil Week 49 2022

LatAmOil BRAZIL LatAmOil

The news agency quoted an unnamed source Castello Branco’s replacement, but Silva e Luna
as saying that the Petrobras representatives had lasted only a year before suffering a similar fate,
briefed the president-elect’s delegation on fuel even though he had been a long-time ally of
pricing policy. After the meeting, the source the president. Bolsonaro then nominated José
said, Lula’s team concluded that there was no Mauro Coelho as CEO in the spring of 2022,
need to take any emergency measures to ensure but the latter served only briefly before being
Petrobras’ stability. replaced by Paes de Andrade.
Paes de Andrade is the fourth person to have Despite Bolsonaro’s quarrels with Petrobras
served as Petrobras’ CEO since the spring of over fuel pricing, the NOC’s management has
2021, when President Jair Bolsonaro fell into a expressed concern about the prospect of work-
dispute with Roberto Castello Branco, a busi- ing under Lula. The president-elect has indi-
nessman and economist, over fuel prices and cated that his administration will exert more
decided against renewing his appointment. control over the company and treat it more like
He then nominated Joaquim Silva e Luna as a policy instrument than a corporation. ™

ANP: Brazil’s oil and gas output

hit another record high in October

BRAZIL’S hydrocarbon production hit 4.18mn 97.6% of Brazil’s oil production and 85.1% of its
barrels of oil equivalent per day (boepd) in gas in October, with 5,621 onshore wells and 497
October 2022, according to data released last offshore wells in operatipon, the agency added.
week by the country’s National Agency of Petro- It further noted that 90.83% of total output had
leum, Natural Gas and Biofuels (ANP). come from fields operated by Petrobras, the
This is the highest monthly production fig- national oil company (NOC).
ure ever recorded, and it marks a rise of 3.26% ANP went on to say that offshore fields in the
on the September number of 4.048mn boepd. It pre-salt zone had made up 75.17% of total out-
is also only the third time that monthly output put, or about 3.142mn boepd. Oil accounted for
has ever topped the 4mn boepd mark and the 78.26% of this pre-salt production, or 2.459mn
second time it has done so since January 2020, bpd, while gas production accounted for the
shortly before the outbreak of the coronavirus remaining 21.74%, or 108.61 mcm per day.
(COVID-19) pandemic, when production With respect to crude oil alone, the agency
totalled 4.041mn boepd. stated, the biggest producer was the Tupi field,
The regulatory agency’s data indicated that which yielded 870,430 bpd in September. Addi-
crude oil accounted for more than 77.6% of total tionally, it identified the production facility with
production in October, reaching 3.245mn bar- the highest oil yields as the P-77 floating produc-
rels per day (bpd), with the remaining volumes tion, storage and off-loading (FPSO) vessel, not-
consisting of 148.747mn cubic metres of associ- ing that this unit had handled 166,417 bpd of oil
ated and natural gas. Oil output was up 3.1% on from the Búzios and Tambuatá fields in October.
the previous month and 16.8% on the year-ago It also said that the FPSO Guanabara had been
figure, it added, while gas output rose 4% month the production facility that had handled the
on month and 12.9% year on year. most gas, as it handled 9.18 mcm per day of gas
Offshore fields accounted for no less than from the Mero field in the same month. ™

FPSO at Buzios, the second largest producing oilfield in the pre-salt zone in September (Photo: Petrobras)

P12 www. NEWSBASE .com Week 49 07•December•2022