Brazilian state-run oil company Petrobras said on Oct. 24 that its crude oil production during the third-quarter fell 6.8% compared to the same period last year.
Petroleo Brasileiro SA, as the company is formally known, pumped 2.115 MMbbl/d in the July-to-September period, according to a Petrobras statement.
Brazil is Latin America's top oil and gas producer, ahead of other major regional petroleum suppliers Mexico, Colombia and Venezuela.
Including natural gas output, the Brazilian oil giant produced a daily average of 2.644 MMboe, down 6.6% from the same quarter last year.
The Rio de Janeiro-based company attributed the declining output to fewer barrels from its Atapu and Sepia fields, the stoppage of operations at its FPSO Capixaba unit as well as what it described as the "natural decline" of mature fields.
Around 73% of Petrobras output came from Brazil's so-called pre-salt fields, an oil-rich offshore region off the country's southeastern Atlantic coast.
In the same quarter last year, 71% of the company's oil production came from the same area.
Recommended Reading
No Good Vibrations: Neo Oiltools’ Solution to Vibrational Drilling Problems
2024-09-10 - Vibrations cause plenty of costly issues when drilling downhole, but Neo Oiltool’s NeoTork combats these issues, enhancing efficiency and reducing costs.
SLB Launches New GenAI Platform Lumi
2024-09-17 - Lumi’s machine learning capabilities will be used to enhance SLB’s Delfi digital platform offering for better automation and operational efficiencies.
New Texas 30-MW Data Center Begins Construction
2024-11-11 - Dataprana’s 30-megawatt data center in La Marque, Texas will help satiate the growing demand for cloud services, Web3 applications and digital asset mining.
Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power
2024-10-24 - Deals will take a while, however, as these multi-gigawatt agreements are also multi-decade investments, said Range Resources CFO Mark Scucci.
HNR Increases Permian Efficiencies with Automation Rollout
2024-09-13 - Upon completion of a pilot test of the new application, the technology will be rolled out to the rest of HNR Acquisition Corp.’s field operators.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.