Page 14 - LatAmOil Week 03 2023

LatAmOil NEWS IN BRIEF LatAmOil

PERFORMANCE
Petrobras achieves 2022

annual production target

Petrobras informs that in 2022, it exceeded the
oil and natural gas production target, disclosed
to the market in a material fact on November 24,
2021 and revised on January 14, 2022, within the
considered margin of ±4%.
Total oil and gas production was 2.684mn
barrels of oil equivalent per day (boepd), sur-
passing the target of 2.600mn boepd by 3.2%,
within the disclosed range of ±4.0%. Commer-
cial production reached 2.361mn boepd, 2.7%
above the target of 2.3mn boepd, also within the
±4.0% range. Oil production stood at 2.154mn
barrels per day (bpd), 2.6% above the target of
2.1mn bpd and within the range of ±4.0%.
The company started production on two new
platforms throughout 2022. In April, the FPSO
Guanabara, the first definitive unit in the Mero
field, and in December, the P-71 in the Itapu
field. The latter was anticipated from 2023. For operated assets, Argentina: 2,235 boepd, production flows remained stable following at
Throughout 2022, the maximum oil produc- including 422 bpd of oil, in December 2022; its natural depletion rate. The exploration cam-
tion capacity of platforms P-68 in the Berbigão 2,261 boepd, including 409 bpd of oil, in Novem- paign in Altair and LLA-47 blocks remains on
and Sururu fields and FPSO Carioca in the Sépia ber 2022. (These assets operated by Selva Maria hold and pending approval from local author-
field was reached. Oil on behalf of Interoil until local authorities ities. Conversations with the ANH concerning
FPSO Carioca reached a new monthly pro- approve operator’s licence.) the formal approval is still on hold waiting for
duction record for a pre-salt platform with Total operated assets: 3,046 boepd, including the new authorities to take position.
174,000 bpd in the month of November. Petro- 971 bpd of oil, in December 2022; 3,184 boepd, Additional information: Further details
bras also reached a record monthly oil produc- including 989 bpd of oil, in November 2022. about production performance are shown in
tion in a single well, ATP-06 on platform P-70, Total equity: 690 boepd, including 384 bpd of the document attached. The two graphs and
with 56,500 bpd on november. The records oil, in December 2022; 764 boepd, including 402 tables show operated and equity production of
demonstrate excellent operational performance bpd of oil, in November 2022. oil and gas respectively and by country. Oper-
in world-class assets in deep and ultra-deep Comments: In December 2022, the average ated production is defined as total output from
waters, where Petrobras has internationally rec- daily operated production from fields in Argen- fields operated by Interoil. Equity production is
ognized technical expertise. tina and Colombia combined decreased by 137 Interoil’s share of production net of royalties.
Finally, the company also advanced with the boepd when compared with the previous month. Interoil, 17 January 2023
Campos Basin renovation plan, with the entry November and December production has seen
into operation of 10 new production wells and a reduction in output explained by a combina-
four complementary development injectors tion of downhole lifting equipment failure and POLICY
wells, expanding the production potential of this operational issues in Argentina, especially in
basin by 94,000 bpd. the Santa Cruz operation. This was related to Petrobras reports on
These results reinforce Petrobras’ commit- workers demand resulting in more than 20 days
ment to investors and Brazilian society and were of union strike. Fortunately, union demand was leniency agreement
only possible thanks to the efforts of the entire solved, and field operation is slowly returning
chain in the exploration and production seg- back to normal. Petrobras informs that it received the devolution
ment and the active management of Petrobras’ In Argentina, reduced production was of about BRL456mn, recovered through a leni-
project portfolio. recorded in the Santa Cruz fields due to gas ency agreement with UOP LLC, a subsidiary of
Petrobras, 17 January 2023 compression units’ failures. Repairs took longer Honeywell International Inc., signed with the
than expected due to the union strike situation. Office of the Comptroller General (CGU) and
Interoil issues production Output is now coming back to its pre-strike rate. the Federal Attorney General’s Office (AGU),
In Colombia, Puli C production decreased an instrument that is part of a global resolution
report for December 2022 especially in the Mana Field due to paraffins that involved coordinated action with the Office
and asphaltenes blocking surface production of the Federal Public Prosecutor (MPF) and U.S.
For operated assets, Colombia: 811 boepd, lines and downhole production equipment authorities.
including 549 bpd of oil, in December 2022; 923 failures requiring a pulling rig. This pulling rig Petrobras did not have access to the
boepd, including 580 bpd of oil, in November is expected to arrive at well site around sec- agreement.
2022. ond half February. In the Llanos area, Vikingo Petrobras, 16 January 2023

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