The average production of sharing contracts, in November, reached the milestone of 1 million barrels per day (bpd), a 6% increase compared to the previous month, due to the operational stability on the rigs. The Búzios field was the main producer, responsible for 526.81 thousand bpd, followed by Mero (219.90 thousand bpd) and Sépia (99.85 thousand bpd).

Of this total, 52,000 bpd was legally entitled to the Brazilian Government, coming from the eight production sharing contracts and the production individualization agreements (AIPs) of Atapu and Tupi.

The data was released in the Pré-Sal Petróleo (PPSA) Production Bulletin this Tuesday (January 16).For Tabita Loureiro, deputy chairwoman of the state-controlled company, the result is an important milestone for the sharing regime in Brazil.“This result of 1 million barrels per day is a milestone for the sharing regime, which already represents 27% of national production.Brazil’s production between December 2022 and November 2023 increased 20%, also driven by the results of sharing contracts, whose production increased 32% in the same period.Our forecast is to exceed 2 million barrels per day in 2029, considering only the nine commercial contracts”, highlighted Tabita.

Since 2017, start of the historical series, accrued production under the production sharing system amounts to 635 million oil barrels, of which 35.79 million barrels are legally entitled to the Brazilian Government.

Natural gas

Five contracts produce natural gas for commercial use, with an average of 2.6 million m³/day, with most (2.06 million) coming from Búzios.The result more than doubles that of the previous month, due to the resume of exports from the P-77, in Búzios, and use of the export window in Sépia, with FPSO Carioca.

 Since 2017, accrued production amounts to 1.74 billion m³ of natural gas with commercial use, of which 177.1 million m³ being entitled to the Brazilian Government.

 Access here the Bulletin.